Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Position Boosted by Opes Wealth Management LLC

Opes Wealth Management LLC raised its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,971 shares of the company’s stock after purchasing an additional 1,226 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF accounts for approximately 2.4% of Opes Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Opes Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $10,141,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Clarius Group LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 3.0% in the 4th quarter. Clarius Group LLC now owns 27,713 shares of the company’s stock worth $1,693,000 after purchasing an additional 805 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at about $447,000. Kendall Capital Management acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at about $200,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at about $293,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at about $221,000.

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

Shares of FNDB stock traded up $0.08 during trading hours on Thursday, reaching $62.74. The company had a trading volume of 23,695 shares, compared to its average volume of 33,787. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $52.39 and a twelve month high of $66.32. The company has a market capitalization of $583.48 million, a P/E ratio of 15.75 and a beta of 1.02. The stock’s fifty day simple moving average is $64.05 and its 200 day simple moving average is $60.19.

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.