Litman Gregory Wealth Management LLC Trims Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Litman Gregory Wealth Management LLC decreased its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,200 shares of the company’s stock after selling 1,070 shares during the period. Litman Gregory Wealth Management LLC owned about 0.07% of Schwab Fundamental U.S. Broad Market Index ETF worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNDB. Envestnet Asset Management Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,858 shares of the company’s stock valued at $223,000 after buying an additional 265 shares during the period. Raymond James & Associates purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the first quarter valued at $594,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 13.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,514 shares of the company’s stock valued at $318,000 after buying an additional 650 shares during the period. Flow Traders U.S. LLC increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 63.4% during the first quarter. Flow Traders U.S. LLC now owns 28,159 shares of the company’s stock valued at $1,626,000 after buying an additional 10,921 shares during the period. Finally, UBS Group AG increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 17.4% during the first quarter. UBS Group AG now owns 68,862 shares of the company’s stock valued at $3,977,000 after buying an additional 10,185 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.4 %

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock traded up $0.24 during trading on Friday, hitting $62.98. 23,117 shares of the stock traded hands, compared to its average volume of 33,645. The stock’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $60.26. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $52.39 and a 52-week high of $66.32. The firm has a market cap of $585.71 million, a P/E ratio of 15.75 and a beta of 1.02.

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.