Family Capital Management Inc. Acquires 22,213 Shares of Schwab Fundamental U.S. Broad Market ETF $FNDB

Family Capital Management Inc. increased its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 65.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,283 shares of the company’s stock after acquiring an additional 22,213 shares during the quarter. Family Capital Management Inc.’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FNDB. AlphaCore Capital LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 106,368.7% in the 2nd quarter. AlphaCore Capital LLC now owns 1,293,595 shares of the company’s stock worth $31,020,000 after purchasing an additional 1,292,380 shares in the last quarter. Opes Wealth Management LLC increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 10.6% during the second quarter. Opes Wealth Management LLC now owns 701,803 shares of the company’s stock valued at $16,829,000 after buying an additional 67,217 shares during the period. Sound Stewardship LLC raised its stake in Schwab Fundamental U.S. Broad Market ETF by 2.8% in the third quarter. Sound Stewardship LLC now owns 633,824 shares of the company’s stock worth $16,315,000 after buying an additional 17,311 shares in the last quarter. Bank of America Corp DE lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.0% in the second quarter. Bank of America Corp DE now owns 435,216 shares of the company’s stock worth $10,436,000 after buying an additional 24,702 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 6.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 262,206 shares of the company’s stock valued at $6,278,000 after acquiring an additional 15,379 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

FNDB stock opened at $27.48 on Tuesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.81 and a beta of 0.94. The business’s 50 day moving average price is $26.45 and its two-hundred day moving average price is $25.56. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $19.94 and a fifty-two week high of $27.52.

About Schwab Fundamental U.S. Broad Market 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.