Opes Wealth Management LLC Acquires 268 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Opes Wealth Management LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 169,153 shares of the company’s stock after buying an additional 268 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF makes up about 2.3% of Opes Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Opes Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $11,093,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mezzasalma Advisors LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 385.4% in the first quarter. Mezzasalma Advisors LLC now owns 27,506 shares of the company’s stock valued at $1,823,000 after purchasing an additional 21,839 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 15.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 154,948 shares of the company’s stock worth $10,267,000 after purchasing an additional 21,239 shares during the period. Fifth Third Securities Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter valued at about $670,000. KM Capital Management Ltd. acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter valued at approximately $463,000. Finally, Mission Wealth Management LP bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 1st quarter worth approximately $320,000.

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

Shares of FNDB opened at $67.08 on Friday. The firm’s 50 day moving average price is $67.24 and its two-hundred day moving average price is $65.60. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $52.39 and a twelve month high of $69.58. The firm has a market cap of $764.71 million, a P/E 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.