97,134 Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Acquired by Channel Wealth LLC

Channel Wealth LLC boosted its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 257.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,816 shares of the company’s stock after buying an additional 97,134 shares during the period. Channel Wealth LLC owned approximately 0.28% of Schwab Fundamental U.S. Broad Market ETF worth $4,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock worth $9,034,000 after acquiring an additional 18,829 shares during the period. Sigma Planning Corp bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at $8,401,000. Family Capital Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 4.0% in the 3rd quarter. Family Capital Management Inc. now owns 249,292 shares of the company’s stock valued at $7,631,000 after purchasing an additional 9,474 shares during the period. Kaizen Financial Strategies lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 22.8% in the 3rd quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock valued at $7,493,000 after purchasing an additional 45,463 shares during the period. Finally, James Investment Research Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 1.6% in the 3rd quarter. James Investment Research Inc. now owns 130,709 shares of the company’s stock valued at $4,001,000 after purchasing an additional 2,120 shares during the period.

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

NYSEARCA:FNDB opened at $32.02 on Friday. Schwab Fundamental U.S. Broad Market ETF has a 12-month low of $25.21 and a 12-month high of $32.46. The firm has a market capitalization of $1.52 billion, a P/E ratio of 18.56 and a beta of 0.88. The stock’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $30.01.

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.