Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Bought by Financial Consulate Inc.

Financial Consulate Inc. raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 196.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,641,227 shares of the company’s stock after buying an additional 1,087,602 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF comprises 10.1% of Financial Consulate Inc.’s portfolio, making the stock its 3rd biggest position. Financial Consulate Inc. owned 0.14% of Schwab Fundamental U.S. Broad Market Index ETF worth $38,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Werba Rubin Papier Wealth Management grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 16,574 shares of the company’s stock valued at $386,000 after purchasing an additional 11,049 shares during the period. Systelligence LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 129.0% during the 4th quarter. Systelligence LLC now owns 461,048 shares of the company’s stock worth $10,724,000 after acquiring an additional 259,733 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 164.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 52,107 shares of the company’s stock worth $1,212,000 after acquiring an additional 32,437 shares in the last quarter. Total Investment Management Inc. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 272.7% during the 4th quarter. Total Investment Management Inc. now owns 17,239 shares of the company’s stock worth $401,000 after acquiring an additional 12,613 shares in the last quarter. Finally, Opes Wealth Management LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 204.2% during the 4th quarter. Opes Wealth Management LLC now owns 518,825 shares of the company’s stock worth $12,068,000 after acquiring an additional 348,287 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.6 %

Shares of FNDB opened at $24.45 on Wednesday. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.75 and a twelve month high of $24.73. The company has a 50 day moving average of $23.79 and a 200-day moving average of $23.50. The stock has a market capitalization of $278.73 million, a P/E ratio of 17.65 and a beta of 0.86.

About Schwab Fundamental U.S. Broad Market Index ETF

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.