Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Sees Strong Trading Volume

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDBGet Free Report) saw strong trading volume on Friday . 11,762 shares were traded during mid-day trading, a decline of 66% from the previous session’s volume of 34,814 shares.The stock last traded at $65.47 and had previously closed at $65.53.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.5 %

The company has a market capitalization of $606.36 million, a PE ratio of 15.75 and a beta of 1.02. The business’s fifty day moving average is $62.75 and its two-hundred day moving average is $59.11.

Hedge Funds Weigh In On Schwab Fundamental U.S. Broad Market Index ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Modera Wealth Management LLC purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at $34,207,000. Financial Consulate Inc. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at $33,114,000. Systelligence LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at $10,235,000. Guardian Financial Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at $4,617,000. Finally, LPL Financial LLC grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 374.1% during the 3rd quarter. LPL Financial LLC now owns 81,184 shares of the company’s stock valued at $4,473,000 after acquiring an additional 64,061 shares during the period.

About Schwab Fundamental U.S. Broad Market Index ETF

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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.

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