Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Sees Unusually-High Trading Volume

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDBGet Free Report) saw strong trading volume on Monday . 27,725 shares were traded during trading, a decline of 8% from the previous session’s volume of 30,043 shares.The stock last traded at $70.18 and had previously closed at $70.22.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

The company has a market capitalization of $797.89 million, a PE ratio of 17.65 and a beta of 0.86. The firm’s fifty day simple moving average is $68.06 and its 200 day simple moving average is $66.29.

Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 252.2% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock worth $36,000 after acquiring an additional 396 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter valued at about $40,000. Pineridge Advisors LLC acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter worth about $93,000. Centaurus Financial Inc. acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter worth about $142,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter worth about $229,000.

Schwab Fundamental U.S. Broad Market Index ETF Company Profile

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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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