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

ZRC Wealth Management LLC cut its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 37.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,897 shares of the company’s stock after selling 7,245 shares during the period. ZRC Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FNDB. Nicholas Hoffman & Company LLC. increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 128.2% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 12,722 shares of the company’s stock worth $777,000 after purchasing an additional 7,147 shares in the last quarter. Raymond James & Associates raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 10.0% in the fourth quarter. Raymond James & Associates now owns 26,372 shares of the company’s stock valued at $1,611,000 after buying an additional 2,390 shares during the last quarter. Foster & Motley Inc. purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter worth about $205,000. Sound Stewardship LLC lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 2.2% in the fourth quarter. Sound Stewardship LLC now owns 194,499 shares of the company’s stock worth $11,884,000 after buying an additional 4,224 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 9.0% during 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 during the last quarter.

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

FNDB stock remained flat at $65.80 during mid-day trading on Thursday. 14,816 shares of the company’s stock were exchanged, compared to its average volume of 30,076. The company’s fifty day moving average price is $65.20 and its 200 day moving average price is $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 stock 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.