Valley National Advisers Inc. Acquires 3,914 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Valley National Advisers Inc. lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 165.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,276 shares of the company’s stock after acquiring an additional 3,914 shares during the quarter. Valley National Advisers Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $145,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pflug Koory LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after acquiring an additional 938 shares in the last quarter. FMR LLC grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after purchasing an additional 849 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth approximately $142,000. Winthrop Advisory Group LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter worth approximately $211,000. Finally, Glass Jacobson Investment Advisors llc raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock valued at $240,000 after buying an additional 2,852 shares in the last quarter.

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

FNDB opened at $24.15 on Monday. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $20.37 and a 52-week high of $24.73. The firm has a market cap of $275.31 million, a P/E ratio of 17.65 and a beta of 0.86. The business’s fifty day moving average is $23.88 and its 200-day moving average is $23.37.

Schwab Fundamental U.S. Broad Market Index ETF Company 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.