Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 4.4% during the third quarter, Holdings Channel.com reports. The fund owned 21,737 shares of the company’s stock after selling 998 shares during the period. JPMorgan Chase & Co.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FNDB. Brightwater Advisory LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter worth approximately $7,393,000. Sanctuary Advisors LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 202.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,896 shares of the company’s stock worth $2,174,000 after purchasing an additional 20,673 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 22,029 shares of the company’s stock worth $1,550,000 after purchasing an additional 14,686 shares during the last quarter. Sage Financial Management Group Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter worth approximately $411,000. Finally, Values Added Financial LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at approximately $331,000.

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

FNDB stock opened at $24.24 on Friday. The firm has a market cap of $276.34 million, a PE ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $20.36 and a one year high of $24.73. The firm’s 50 day moving average price is $23.86 and its 200-day moving average price is $23.28.

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.