Carnegie Investment Counsel Acquires 11,603 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Carnegie Investment Counsel raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 193.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,588 shares of the company’s stock after buying an additional 11,603 shares during the quarter. Carnegie Investment Counsel owned about 0.15% of Schwab Fundamental U.S. Broad Market Index ETF worth $409,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC boosted its holdings 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 valued at $103,000 after acquiring an additional 849 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter valued at about $142,000. Winthrop Advisory Group LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at about $211,000. Glass Jacobson Investment Advisors llc increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 515.7% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock valued at $240,000 after buying an additional 2,852 shares during the period. Finally, Values Added Financial LLC bought a new position in Schwab Fundamental U.S. Broad Market Index ETF in the third quarter worth about $331,000.

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

Schwab Fundamental U.S. Broad Market Index ETF stock opened at $23.90 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a fifty-two week low of $19.89 and a fifty-two week high of $24.73. The stock’s 50 day simple moving average is $23.87 and its two-hundred day simple moving average is $23.24. The stock has a market cap of $272.46 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.

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.