Retirement Planning Group LLC Makes New $575,000 Investment in Schwab Fundamental U.S. Broad Market ETF $FNDB

Retirement Planning Group LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,772 shares of the company’s stock, valued at approximately $575,000.

A number of other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock valued at $9,034,000 after acquiring an additional 18,829 shares during the last quarter. Kaizen Financial Strategies raised its position in shares of Schwab Fundamental U.S. Broad Market ETF by 22.8% during the 3rd quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock worth $7,493,000 after acquiring an additional 45,463 shares in the last quarter. James Investment Research Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market ETF by 13.6% during the 1st quarter. James Investment Research Inc. now owns 109,943 shares of the company’s stock worth $2,990,000 after acquiring an additional 13,137 shares in the last quarter. Centurion Wealth Management LLC raised its position in shares of Schwab Fundamental U.S. Broad Market ETF by 1.2% during the 2nd quarter. Centurion Wealth Management LLC now owns 95,380 shares of the company’s stock worth $2,905,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV lifted its stake in Schwab Fundamental U.S. Broad Market ETF by 0.7% during the first 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 last quarter.

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

FNDB stock opened at $31.76 on Thursday. The business has a 50 day moving average price of $31.42 and a 200 day moving average price of $30.52. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $25.21 and a fifty-two 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.