KM Capital Management Ltd. cut its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) by 18.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,809 shares of the company’s stock after selling 4,355 shares during the quarter. KM Capital Management Ltd.’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $475,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth about $44,000. Opes Wealth Management LLC grew its position in Schwab Fundamental U.S. Broad Market ETF by 22.3% in the first quarter. Opes Wealth Management LLC now owns 634,586 shares of the company’s stock worth $14,602,000 after acquiring an additional 115,761 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Schwab Fundamental U.S. Broad Market ETF by 55.6% during the first quarter. Avantax Advisory Services Inc. now owns 20,656 shares of the company’s stock worth $475,000 after acquiring an additional 7,378 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at approximately $373,000. Finally, BCGM Wealth Management LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 1st quarter valued at approximately $786,000.
Schwab Fundamental U.S. Broad Market ETF Stock Performance
Shares of Schwab Fundamental U.S. Broad Market ETF stock opened at $25.90 on Friday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 17.81 and a beta of 0.94. The stock has a 50 day moving average price of $25.76 and a 200-day moving average price of $24.57. Schwab Fundamental U.S. Broad Market ETF has a one year low of $19.94 and a one year high of $26.35.
Schwab Fundamental U.S. Broad Market ETF Company Profile
The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.
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