Mariner LLC Increases Stock Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Mariner LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 239.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,740 shares of the company’s stock after buying an additional 35,812 shares during the quarter. Mariner LLC owned about 0.45% of Schwab Fundamental U.S. Broad Market Index ETF worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FNDB. Allworth Financial LP boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the 4th quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock worth $27,000 after purchasing an additional 807 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $31,000. Pflug Koory LLC lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock worth $33,000 after buying an additional 938 shares during the period. Signaturefd LLC increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.1% in the 4th quarter. Signaturefd LLC now owns 2,233 shares of the company’s stock valued at $52,000 after acquiring an additional 1,489 shares during the period. Finally, Blume Capital Management Inc. increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. Blume Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $70,000 after acquiring an additional 2,000 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Performance

Shares of FNDB opened at $22.11 on Friday. The stock has a 50-day moving average of $22.66 and a two-hundred day moving average of $23.46. The stock has a market cap of $847.92 million, a P/E ratio of 16.66 and a beta of 0.96. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $19.95 and a one year high of $24.73.

Schwab Fundamental U.S. Broad Market Index ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.0984 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About Schwab Fundamental U.S. Broad Market Index 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.