Schwab Fundamental U.S. Broad Market ETF $FNDB Stock Purchased by Kaizen Financial Strategies

Kaizen Financial Strategies boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,801 shares of the company’s stock after purchasing an additional 45,463 shares during the quarter. Schwab Fundamental U.S. Broad Market ETF comprises 3.1% of Kaizen Financial Strategies’ holdings, making the stock its 7th largest holding. Kaizen Financial Strategies owned 0.52% of Schwab Fundamental U.S. Broad Market ETF worth $7,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 41.8% during the third quarter. Farther Finance Advisors LLC now owns 38,619 shares of the company’s stock valued at $1,182,000 after buying an additional 11,392 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Schwab Fundamental U.S. Broad Market ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock worth $9,034,000 after buying an additional 18,829 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Schwab Fundamental U.S. Broad Market ETF by 11.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,270 shares of the company’s stock worth $556,000 after buying an additional 1,931 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 2nd quarter worth approximately $307,000. Finally, Vanguard Capital Wealth Advisors lifted its position in Schwab Fundamental U.S. Broad Market ETF by 44.6% during the second quarter. Vanguard Capital Wealth Advisors now owns 28,910 shares of the company’s stock valued at $881,000 after acquiring an additional 8,919 shares during the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

FNDB traded up $0.06 during trading on Friday, hitting $31.24. The stock had a trading volume of 97,436 shares, compared to its average volume of 224,121. The company has a market capitalization of $1.48 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $25.05 and a twelve month high of $32.03. The stock has a 50 day simple moving average of $31.42 and a two-hundred day simple moving average of $30.24.

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.