Kaizen Financial Strategies Purchases 81,590 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Kaizen Financial Strategies boosted its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 220.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 118,651 shares of the company’s stock after acquiring an additional 81,590 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF accounts for 1.6% of Kaizen Financial Strategies’ holdings, making the stock its 16th largest holding. Kaizen Financial Strategies’ holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $2,760,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 201.8% in the fourth quarter. AdvisorNet Financial Inc now owns 42,469 shares of the company’s stock worth $988,000 after buying an additional 28,397 shares during the period. GSG Advisors LLC lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 201.0% in the 4th quarter. GSG Advisors LLC now owns 42,142 shares of the company’s stock valued at $980,000 after purchasing an additional 28,143 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 194.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 42,621 shares of the company’s stock valued at $991,000 after purchasing an additional 28,153 shares during the period. Redhawk Wealth Advisors Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 34,650 shares of the company’s stock valued at $806,000 after purchasing an additional 23,100 shares in the last quarter. Finally, Guardian Financial Partners LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 195.6% in the fourth quarter. Guardian Financial Partners LLC now owns 186,822 shares of the company’s stock worth $4,345,000 after purchasing an additional 123,623 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.0 %

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $22.61 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $19.95 and a 12 month high of $24.73. The firm has a market capitalization of $870.49 million, a P/E ratio of 18.38 and a beta of 0.96. The business has a fifty day simple moving average of $22.34 and a two-hundred day simple moving average of $23.37.

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

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.0984 per share. The ex-dividend date 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.