Quadrant Capital Group LLC Buys New Stake in Schwab Fundamental U.S. Broad Market ETF $FNDB

Quadrant Capital Group LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,944 shares of the company’s stock, valued at approximately $1,382,000. Quadrant Capital Group LLC owned approximately 0.09% of Schwab Fundamental U.S. Broad Market ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNDB. Kaizen Financial Strategies boosted its holdings in Schwab Fundamental U.S. Broad Market ETF by 22.8% in the third quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock valued at $7,493,000 after acquiring an additional 45,463 shares in the last quarter. Envestnet Asset Management Inc. increased its position in 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 purchasing an additional 18,829 shares during the period. Mather Group LLC. bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter worth $684,000. Carnegie Investment Counsel bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter worth $3,164,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth about $1,386,000.

Schwab Fundamental U.S. Broad Market ETF Trading Down 0.6%

NYSEARCA:FNDB opened at $31.67 on Friday. The company has a 50-day moving average price of $31.42 and a 200-day moving average price of $30.56. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $25.21 and a 12 month high of $32.03.

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.