Financial Consulate Inc. Grows Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Financial Consulate Inc. grew its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 196.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,641,227 shares of the company’s stock after purchasing an additional 1,087,602 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF makes up approximately 10.1% of Financial Consulate Inc.’s portfolio, making the stock its 3rd largest holding. Financial Consulate Inc. owned 14.40% of Schwab Fundamental U.S. Broad Market Index ETF worth $38,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FNDB. Werba Rubin Papier Wealth Management boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 16,574 shares of the company’s stock worth $386,000 after buying an additional 11,049 shares in the last quarter. Systelligence LLC boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 129.0% in the 4th quarter. Systelligence LLC now owns 461,048 shares of the company’s stock valued at $10,724,000 after purchasing an additional 259,733 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 164.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 52,107 shares of the company’s stock valued at $1,212,000 after purchasing an additional 32,437 shares in the last quarter. Total Investment Management Inc. boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 272.7% in the 4th quarter. Total Investment Management Inc. now owns 17,239 shares of the company’s stock valued at $401,000 after purchasing an additional 12,613 shares in the last quarter. Finally, Opes Wealth Management LLC boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 204.2% in the 4th quarter. Opes Wealth Management LLC now owns 518,825 shares of the company’s stock valued at $12,068,000 after purchasing an additional 348,287 shares in the last quarter.

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

Shares of NYSEARCA:FNDB opened at $24.45 on Wednesday. The company’s fifty day moving average is $23.79 and its 200-day moving average is $23.50. Schwab Fundamental U.S. Broad Market Index ETF has a 52 week low of $20.75 and a 52 week high of $24.73. The company has a market capitalization of $278.73 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.