Elevation Wealth Partners LLC Increases Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Elevation Wealth Partners LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 197.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,845 shares of the company’s stock after acquiring an additional 21,132 shares during the quarter. Elevation Wealth Partners LLC owned approximately 0.28% of Schwab Fundamental U.S. Broad Market Index ETF worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Pflug Koory LLC grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after purchasing an additional 938 shares during the period. FMR LLC grew its stake in shares of 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 valued at $103,000 after acquiring an additional 849 shares during the period. Valley National Advisers Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 165.7% in the 4th quarter. Valley National Advisers Inc. now owns 6,276 shares of the company’s stock worth $145,000 after acquiring an additional 3,914 shares in the last quarter. S.A. Mason LLC raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. S.A. Mason LLC now owns 6,550 shares of the company’s stock worth $152,000 after acquiring an additional 4,367 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Crewe Advisors LLC now owns 8,843 shares of the company’s stock valued at $206,000 after purchasing an additional 5,895 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

FNDB opened at $24.01 on Monday. The company has a 50 day simple moving average of $23.83 and a two-hundred day simple moving average of $23.43. The firm has a market cap of $273.71 million, a P/E ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 1-year low of $20.42 and a 1-year high of $24.73.

About Schwab Fundamental U.S. Broad Market Index 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.