Valmark Advisers Inc. Makes New $2.32 Million Investment in Schwab Fundamental U.S. Broad Market ETF $FNDB

Valmark Advisers Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,785 shares of the company’s stock, valued at approximately $2,320,000. Valmark Advisers Inc. owned approximately 0.16% of Schwab Fundamental U.S. Broad Market ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FNDB. Kaizen Financial Strategies increased its position in Schwab Fundamental U.S. Broad Market ETF by 22.8% in the 3rd quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock worth $7,493,000 after purchasing an additional 45,463 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth about $1,904,000. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock valued at $9,034,000 after buying an additional 18,829 shares during the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at about $3,164,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter valued at approximately $726,000.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of NYSEARCA FNDB traded up $0.06 during trading hours on Friday, hitting $32.02. The stock had a trading volume of 149,195 shares, compared to its average volume of 223,837. The firm’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $30.01. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $25.21 and a 52 week high of $32.46. The company has a market capitalization of $1.52 billion, a P/E ratio of 18.56 and a beta of 0.88.

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.