Sovran Advisors LLC Buys New Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sovran Advisors LLC bought a new position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,729 shares of the company’s stock, valued at approximately $531,000. Sovran Advisors LLC owned approximately 0.20% of Schwab Fundamental U.S. Broad Market Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 24.0% during the third quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock valued at $344,000 after purchasing an additional 946 shares during the period. FMR LLC raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after buying an additional 849 shares during the period. HB Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. HB Wealth Management LLC now owns 37,863 shares of the company’s stock worth $881,000 after acquiring an additional 25,242 shares in the last quarter. GSG Advisors LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 201.0% in the fourth quarter. GSG Advisors LLC now owns 42,142 shares of the company’s stock valued at $980,000 after acquiring an additional 28,143 shares during the period. Finally, Pflug Koory LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after acquiring an additional 938 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.4 %

Shares of NYSEARCA:FNDB opened at $24.08 on Thursday. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.42 and a twelve month high of $24.73. The stock’s 50 day moving average is $23.81 and its 200-day moving average is $23.46. The firm has a market capitalization of $274.51 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.