Red Door Wealth Management LLC Purchases 57,778 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Red Door Wealth Management LLC lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,667 shares of the company’s stock after buying an additional 57,778 shares during the quarter. Red Door Wealth Management LLC owned approximately 0.76% of Schwab Fundamental U.S. Broad Market Index ETF worth $2,016,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the third quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after acquiring an additional 849 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter worth approximately $142,000. Winthrop Advisory Group LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at approximately $211,000. Breakwater Investment Management increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Breakwater Investment Management now owns 9,087 shares of the company’s stock valued at $211,000 after buying an additional 6,058 shares during the period. Finally, Glass Jacobson Investment Advisors llc raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock worth $240,000 after buying an additional 2,852 shares in the last quarter.

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

Schwab Fundamental U.S. Broad Market Index ETF stock opened at $24.24 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.36 and a twelve month high of $24.73. The business has a fifty day moving average of $23.86 and a two-hundred day moving average of $23.28. The firm has a market cap of $276.34 million, a P/E ratio of 17.65 and a beta of 0.86.

Schwab Fundamental U.S. Broad Market Index 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.