Pineridge Advisors LLC Buys Shares of 1,520 Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Pineridge Advisors LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,520 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds also recently added to or reduced their stakes in FNDB. AlphaCore Capital LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF in the 3rd quarter worth $50,000. Planned Solutions Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter worth approximately $94,000. Kendall Capital Management purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at approximately $200,000. Foster & Motley Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter valued at $205,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $221,000.

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

FNDB stock traded down $0.36 during midday trading on Friday, hitting $65.04. 32,335 shares of the stock traded hands, compared to its average volume of 30,580. Schwab Fundamental U.S. Broad Market Index ETF has a 1-year low of $52.39 and a 1-year high of $66.37. The stock’s fifty day simple moving average is $64.72 and its 200-day simple moving average is $62.99. The firm has a market cap of $741.46 million, a P/E ratio of 17.65 and a beta of 0.86.

About Schwab Fundamental U.S. Broad Market Index ETF

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.