Foster & Motley Inc. Purchases 7,914 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Foster & Motley Inc. grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 201.2% in the fourth quarter, Holdings Channel reports. The fund owned 11,847 shares of the company’s stock after buying an additional 7,914 shares during the quarter. Foster & Motley Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FNDB. Foster Group Inc. raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 2.3% during the third quarter. Foster Group Inc. now owns 21,435 shares of the company’s stock valued at $1,508,000 after purchasing an additional 473 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 2.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 19,722 shares of the company’s stock valued at $1,388,000 after buying an additional 563 shares in the last quarter. Creative Planning lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 4.7% in the 2nd quarter. Creative Planning now owns 14,445 shares of the company’s stock valued at $947,000 after acquiring an additional 653 shares during the last quarter. FMR LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the third quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after acquiring an additional 849 shares in the last quarter. Finally, James Investment Research Inc. increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 6.2% in the third quarter. James Investment Research Inc. now owns 15,197 shares of the company’s stock worth $1,069,000 after purchasing an additional 891 shares during the period.

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

Shares of FNDB opened at $24.15 on Friday. The firm has a fifty day moving average price of $23.88 and a 200-day moving average price of $23.36. The firm has a market capitalization of $275.31 million, a P/E ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 12-month low of $20.37 and a 12-month high of $24.73.

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.