Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,171 shares of the company’s stock after purchasing an additional 34,114 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after acquiring an additional 807 shares during the period. Lee Danner & Bass Inc. acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at approximately $31,000. Pflug Koory LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock worth $33,000 after buying an additional 938 shares during the last quarter. Signaturefd LLC increased its position in Schwab Fundamental U.S. Broad Market Index ETF by 200.1% in the fourth quarter. Signaturefd LLC now owns 2,233 shares of the company’s stock worth $52,000 after buying an additional 1,489 shares during the period. Finally, Blume Capital Management Inc. lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Blume Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $70,000 after buying an additional 2,000 shares during the last quarter.

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

Shares of FNDB opened at $22.84 on Monday. The firm has a fifty day moving average of $23.77 and a 200-day moving average of $23.71. The company has a market cap of $873.63 million, a price-to-earnings ratio of 18.58 and a beta of 1.02. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $20.83 and a 1 year high of $24.73.

Schwab Fundamental U.S. Broad Market Index ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a $0.0984 dividend. The ex-dividend date is Wednesday, March 26th.

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.