22,332 Shares in Schwab Fundamental U.S. Broad Market ETF $FNDB Purchased by Mather Group LLC.

Mather Group LLC. acquired a new stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 22,332 shares of the company’s stock, valued at approximately $684,000.

Several other institutional investors have also modified their holdings of the stock. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 0.7% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 68,954 shares of the company’s stock worth $1,876,000 after purchasing an additional 448 shares during the period. Sunbelt Securities Inc. increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 50.0% during the 1st quarter. Sunbelt Securities Inc. now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 500 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 4.4% during the 1st quarter. Kestra Advisory Services LLC now owns 12,966 shares of the company’s stock valued at $353,000 after buying an additional 543 shares during the period. Elevation Wealth Partners LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 3.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 21,809 shares of the company’s stock valued at $664,000 after buying an additional 737 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 4.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 22,938 shares of the company’s stock valued at $661,000 after buying an additional 909 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Stock Down 0.2%

Shares of FNDB opened at $31.54 on Friday. The company has a market cap of $1.49 billion, a PE ratio of 17.81 and a beta of 0.88. The business has a fifty day moving average of $31.43 and a 200 day moving average of $30.40. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $25.21 and a 52-week high of $32.03.

About Schwab Fundamental U.S. Broad Market 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.