Wealthspire Advisors LLC Boosts Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Wealthspire Advisors LLC grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,740 shares of the company’s stock after purchasing an additional 47,160 shares during the period. Wealthspire Advisors LLC owned approximately 0.62% of Schwab Fundamental U.S. Broad Market Index ETF worth $1,645,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Callan Capital LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 195.8% during the fourth quarter. Callan Capital LLC now owns 1,353,972 shares of the company’s stock worth $31,493,000 after buying an additional 896,188 shares in the last quarter. Financial Consulate Inc. grew its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 196.5% during the fourth quarter. Financial Consulate Inc. now owns 1,641,227 shares of the company’s stock worth $38,175,000 after purchasing an additional 1,087,602 shares in the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Werba Rubin Papier Wealth Management now owns 16,574 shares of the company’s stock worth $386,000 after purchasing an additional 11,049 shares during the last quarter. Systelligence LLC raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 129.0% in the fourth quarter. Systelligence LLC now owns 461,048 shares of the company’s stock valued at $10,724,000 after purchasing an additional 259,733 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 164.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 52,107 shares of the company’s stock valued at $1,212,000 after purchasing an additional 32,437 shares in the last quarter.

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

FNDB stock opened at $24.02 on Tuesday. The firm has a 50 day simple moving average of $23.81 and a two-hundred day simple moving average of $23.58. The stock has a market cap of $273.83 million, a PE ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $20.83 and a one year high of $24.73.

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.