Cambridge Investment Research Advisors Inc. Cuts Stock Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Cambridge Investment Research Advisors Inc. cut its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDBGet Rating) by 7.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,525 shares of the company’s stock after selling 4,322 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $2,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rather & Kittrell Inc. purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at $194,000. Envestnet Asset Management Inc. lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,858 shares of the company’s stock worth $223,000 after buying an additional 265 shares during the last quarter. St. James Investment Advisors LLC lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 8.5% in the first quarter. St. James Investment Advisors LLC now owns 7,364 shares of the company’s stock worth $425,000 after buying an additional 580 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 7.8% in the first quarter. Commonwealth Equity Services LLC now owns 7,399 shares of the company’s stock worth $427,000 after buying an additional 535 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 2.3% in the first quarter. Valley National Advisers Inc. now owns 8,464 shares of the company’s stock worth $489,000 after buying an additional 188 shares during the last quarter.

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

Shares of FNDB opened at $52.02 on Friday. The business has a fifty day moving average of $52.66 and a 200 day moving average of $54.51. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $48.80 and a 52-week high of $59.64.

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Institutional Ownership by Quarter for Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

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