Wealth Enhancement Advisory Services LLC Buys Shares of 4,734 Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Wealth Enhancement Advisory Services LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,734 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also made changes to their positions in FNDB. Cambridge Investment Research Advisors Inc. raised its position in Schwab Fundamental U.S. Broad Market Index ETF by 9.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock worth $8,170,000 after acquiring an additional 10,989 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 6.7% during the fourth quarter. Cozad Asset Management Inc. now owns 10,053 shares of the company’s stock worth $614,000 after buying an additional 634 shares in the last quarter. Hexagon Capital Partners LLC acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF in the second quarter worth approximately $40,000. AdvisorNet Financial Inc increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5.0% in the first quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock valued at $857,000 after buying an additional 611 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 1st quarter valued at $320,000.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 1.3 %

Shares of NYSEARCA FNDB opened at $68.96 on Monday. The stock’s fifty day simple moving average is $66.66 and its 200 day simple moving average is $65.20. The stock has a market capitalization of $786.14 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $52.39 and a 52-week high of $68.97.

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.