Mezzasalma Advisors LLC Boosts Holdings in Schwab Fundamental U.S. Broad Market ETF $FNDB

Mezzasalma Advisors LLC increased its position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,666 shares of the company’s stock after purchasing an additional 1,574 shares during the period. Schwab Fundamental U.S. Broad Market ETF makes up approximately 1.0% of Mezzasalma Advisors LLC’s holdings, making the stock its 24th biggest position. Mezzasalma Advisors LLC owned 0.37% of Schwab Fundamental U.S. Broad Market ETF worth $3,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FNDB. Ameritas Advisory Services LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF in the second quarter worth about $27,000. AlphaCore Capital LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at approximately $28,000. Larson Financial Group LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth approximately $44,000. Tower View Wealth Management LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth approximately $55,000. Finally, Geneos Wealth Management Inc. lifted its position in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after acquiring an additional 2,701 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Trading Up 0.6%

Shares of FNDB opened at $25.58 on Friday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 17.81 and a beta of 1.02. The business’s fifty day simple moving average is $25.36 and its two-hundred day simple moving average is $23.93. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $19.94 and a 12 month high of $26.05.

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.