Carnegie Investment Counsel Raises Stock Holdings in Schwab Fundamental U.S. Broad Market ETF $FNDB

Carnegie Investment Counsel raised its stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 149.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,344 shares of the company’s stock after purchasing an additional 25,345 shares during the quarter. Carnegie Investment Counsel’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,970 shares of the company’s stock valued at $1,978,000 after acquiring an additional 6,585 shares during the period. Jane Street Group LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 1st quarter worth approximately $1,163,000. Geneos Wealth Management Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock worth $64,000 after purchasing an additional 2,701 shares during the period. Cetera Investment Advisers increased its holdings in Schwab Fundamental U.S. Broad Market ETF by 60.9% in the 2nd quarter. Cetera Investment Advisers now owns 26,110 shares of the company’s stock valued at $626,000 after purchasing an additional 9,882 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Schwab Fundamental U.S. Broad Market ETF by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 61,525 shares of the company’s stock valued at $1,475,000 after purchasing an additional 6,180 shares during the last quarter.

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

Shares of NYSEARCA FNDB opened at $30.77 on Tuesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $23.72 and a 52-week high of $30.89. The business’s 50 day moving average is $30.19 and its two-hundred day moving average is $28.63.

Schwab Fundamental U.S. Broad Market 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.