Sound Stewardship LLC Has $13.55 Million Stock Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sound Stewardship LLC lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 194.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 582,573 shares of the company’s stock after acquiring an additional 384,414 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF makes up approximately 8.1% of Sound Stewardship LLC’s portfolio, making the stock its 2nd biggest position. Sound Stewardship LLC owned approximately 0.05% of Schwab Fundamental U.S. Broad Market Index ETF worth $13,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FNDB. Financial Consulate Inc. raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 0.8% in the 3rd quarter. Financial Consulate Inc. now owns 553,625 shares of the company’s stock valued at $38,959,000 after purchasing an additional 4,435 shares in the last quarter. HighTower Advisors LLC raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 1.3% in the third quarter. HighTower Advisors LLC now owns 220,509 shares of the company’s stock worth $15,518,000 after buying an additional 2,903 shares in the last quarter. Systelligence LLC lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.6% during the third quarter. Systelligence LLC now owns 201,315 shares of the company’s stock worth $14,167,000 after buying an additional 3,213 shares during the period. Guardian Financial Partners LLC boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 195.6% during the 4th quarter. Guardian Financial Partners LLC now owns 186,822 shares of the company’s stock valued at $4,345,000 after acquiring an additional 123,623 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 197.6% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 184,958 shares of the company’s stock valued at $4,302,000 after acquiring an additional 122,818 shares during the period.

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

FNDB stock opened at $24.26 on Tuesday. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $20.37 and a one year high of $24.73. The firm has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $23.32. The firm has a market cap of $276.56 million, a price-to-earnings 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.