Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) is Sound Stewardship LLC’s 2nd Largest Position

Sound Stewardship LLC boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 194.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582,573 shares of the company’s stock after purchasing an additional 384,414 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF comprises 8.1% of Sound Stewardship LLC’s investment portfolio, making the stock its 2nd largest position. Sound Stewardship LLC owned 5.11% of Schwab Fundamental U.S. Broad Market Index ETF worth $13,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 24.0% during the third quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock worth $344,000 after purchasing an additional 946 shares during the period. FMR LLC grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after buying an additional 849 shares during the last quarter. Brightwater Advisory LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the second quarter valued at approximately $7,393,000. HB Wealth Management LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. HB Wealth Management LLC now owns 37,863 shares of the company’s stock worth $881,000 after acquiring an additional 25,242 shares during the period. Finally, GSG Advisors LLC boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 201.0% in the fourth quarter. GSG Advisors LLC now owns 42,142 shares of the company’s stock valued at $980,000 after acquiring an additional 28,143 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.1 %

Shares of NYSEARCA FNDB opened at $24.26 on Tuesday. The firm has a fifty day simple moving average of $23.87 and a two-hundred day simple moving average of $23.32. The firm has a market capitalization of $276.56 million, a PE ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $20.37 and a 12 month 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.