Carnegie Investment Counsel Buys New Position in Schwab Fundamental U.S. Broad Market ETF $FNDB

Carnegie Investment Counsel purchased a new position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 103,359 shares of the company’s stock, valued at approximately $3,164,000.

A number of other institutional investors have also recently made changes to their positions in FNDB. Envestnet Asset Management Inc. raised its position in shares of 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 valued at $9,034,000 after buying an additional 18,829 shares in the last quarter. Kaizen Financial Strategies grew its position in Schwab Fundamental U.S. Broad Market ETF by 22.8% in the third quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock worth $7,493,000 after acquiring an additional 45,463 shares in the last quarter. James Investment Research Inc. increased its stake in Schwab Fundamental U.S. Broad Market ETF by 13.6% in the first quarter. James Investment Research Inc. now owns 109,943 shares of the company’s stock valued at $2,990,000 after acquiring an additional 13,137 shares during the last quarter. Centurion Wealth Management LLC increased its stake in Schwab Fundamental U.S. Broad Market ETF by 1.2% in the second quarter. Centurion Wealth Management LLC now owns 95,380 shares of the company’s stock valued at $2,905,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV increased its stake in Schwab Fundamental U.S. Broad Market ETF by 0.7% in the first quarter. Townsend Asset Management Corp NC ADV now owns 68,954 shares of the company’s stock valued at $1,876,000 after acquiring an additional 448 shares during the last quarter.

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

NYSEARCA FNDB opened at $31.76 on Thursday. The stock’s 50-day simple moving average is $31.42 and its two-hundred day simple moving average is $30.52. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $25.21 and a twelve month high of $32.03. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88.

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.