Foster & Motley Inc. Acquires Shares of 3,356 Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Foster & Motley Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,356 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also bought and sold shares of the company. AlphaCore Capital LLC bought a new position in Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at $50,000. Planned Solutions Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at $94,000. Kendall Capital Management purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at $200,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at $221,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at $293,000.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.7 %

Shares of FNDB opened at $63.66 on Friday. 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 cap of $719.36 million, a P/E ratio of 17.16 and a beta of 0.88. The company’s fifty day simple moving average is $64.19 and its 200-day simple moving average is $60.53.

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.