Leonard Rickey Investment Advisors P.L.L.C. Acquires 122,818 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 197.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,958 shares of the company’s stock after acquiring an additional 122,818 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF accounts for about 1.0% of Leonard Rickey Investment Advisors P.L.L.C.’s investment portfolio, making the stock its 19th largest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $4,302,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after purchasing an additional 849 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the second quarter valued at approximately $142,000. Winthrop Advisory Group LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter worth $211,000. Breakwater Investment Management raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Breakwater Investment Management now owns 9,087 shares of the company’s stock worth $211,000 after acquiring an additional 6,058 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock valued at $240,000 after acquiring an additional 2,852 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.7 %

FNDB stock opened at $23.90 on Tuesday. The stock has a 50-day moving average price of $23.86 and a two-hundred day moving average price of $23.26. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $19.89 and a 1 year high of $24.73. The stock has a market cap of $272.46 million, a PE ratio of 17.65 and a beta of 0.86.

Schwab Fundamental U.S. Broad Market Index 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.