Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 48.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,469 shares of the company’s stock after buying an additional 25,574 shares during the quarter. Jones Financial Companies Lllp’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $2,019,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FNDB. MorganRosel Wealth Management LLC boosted its position in Schwab Fundamental U.S. Broad Market ETF by 1.3% during the third quarter. MorganRosel Wealth Management LLC now owns 30,974 shares of the company’s stock worth $797,000 after acquiring an additional 388 shares during the last quarter. Vanguard Capital Wealth Advisors raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 2.5% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 19,842 shares of the company’s stock valued at $511,000 after acquiring an additional 484 shares during the last quarter. Total Investment Management Inc. raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 4.1% in the 2nd quarter. Total Investment Management Inc. now owns 20,108 shares of the company’s stock valued at $482,000 after acquiring an additional 786 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 2nd quarter worth $25,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the third quarter worth $29,000.

Schwab Fundamental U.S. Broad Market ETF Stock Up 1.9%

Shares of NYSEARCA:FNDB opened at $28.51 on Monday. The company has a market cap of $1.15 billion, a P/E ratio of 17.81 and a beta of 0.94. The business has a fifty day simple moving average of $27.14 and a 200-day simple moving average of $26.02. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $19.94 and a 52 week high of $28.54.

Schwab Fundamental U.S. Broad Market ETF 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.