Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Sold by ZRC Wealth Management LLC

ZRC Wealth Management LLC trimmed its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 37.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,897 shares of the company’s stock after selling 7,245 shares during the period. ZRC Wealth Management LLC owned about 0.13% of Schwab Fundamental U.S. Broad Market Index ETF worth $788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5.0% during the first quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock worth $857,000 after acquiring an additional 611 shares during the last quarter. Foster Group Inc. lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 10.0% in the first quarter. Foster Group Inc. now owns 20,197 shares of the company’s stock valued at $1,338,000 after purchasing an additional 1,834 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter worth about $93,000. Cambridge Investment Research Advisors Inc. increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 9.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock valued at $8,170,000 after buying an additional 10,989 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $307,000.

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

NYSEARCA:FNDB remained flat at $65.80 during mid-day trading on Thursday. The company had a trading volume of 14,816 shares, compared to its average volume of 30,076. The company has a fifty day moving average of $65.20 and a 200 day moving average of $63.63. Schwab Fundamental U.S. Broad Market Index ETF has a 12-month low of $52.39 and a 12-month high of $66.46. The company has a market cap of $750.06 million, a PE 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.