Opes Wealth Management LLC Has $12.07 Million Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Opes Wealth Management LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 204.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 518,825 shares of the company’s stock after buying an additional 348,287 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF comprises approximately 2.5% of Opes Wealth Management LLC’s holdings, making the stock its 6th largest holding. Opes Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $12,068,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sound Stewardship LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 194.0% in the fourth quarter. Sound Stewardship LLC now owns 582,573 shares of the company’s stock valued at $13,551,000 after acquiring an additional 384,414 shares in the last quarter. Guardian Financial Partners LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 195.6% in the fourth quarter. Guardian Financial Partners LLC now owns 186,822 shares of the company’s stock valued at $4,345,000 after purchasing an additional 123,623 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 197.6% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 184,958 shares of the company’s stock worth $4,302,000 after acquiring an additional 122,818 shares during the last quarter. Aspiring Ventures LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $2,908,000. Finally, Mezzasalma Advisors LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 191.1% during the fourth quarter. Mezzasalma Advisors LLC now owns 141,997 shares of the company’s stock worth $3,303,000 after acquiring an additional 93,217 shares during the last quarter.

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

Shares of FNDB stock opened at $24.31 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a fifty-two week low of $20.75 and a fifty-two week high of $24.73. The firm has a market capitalization of $277.13 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The stock’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $23.49.

Schwab Fundamental U.S. Broad Market Index ETF Company 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.