Schwab Fundamental U.S. Broad Market ETF $FNDB is Opes Wealth Management LLC’s 5th Largest Position

Opes Wealth Management LLC lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 723,173 shares of the company’s stock after purchasing an additional 21,370 shares during the quarter. Schwab Fundamental U.S. Broad Market ETF comprises about 3.2% of Opes Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Opes Wealth Management LLC owned approximately 1.86% of Schwab Fundamental U.S. Broad Market ETF worth $18,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in FNDB. Sunbelt Securities Inc. acquired a new position in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $26,000. Traub Capital Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 2nd quarter worth approximately $25,000. AE Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. increased its stake in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Schwab Fundamental U.S. Broad Market ETF by 108.0% in the 2nd quarter. Allworth Financial LP now owns 2,935 shares of the company’s stock valued at $70,000 after purchasing an additional 1,524 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of FNDB stock opened at $27.49 on Wednesday. The stock has a fifty day moving average price of $27.87 and a 200 day moving average price of $26.67. The stock has a market cap of $1.11 billion, a PE ratio of 17.81 and a beta of 0.94. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $19.94 and a 1 year high of $28.70.

Schwab Fundamental U.S. Broad Market ETF 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.