Kaizen Financial Strategies Has $2.19 Million Stake in Schwab Fundamental U.S. Broad Market ETF $FNDB

Kaizen Financial Strategies reduced its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 27.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,281 shares of the company’s stock after selling 32,352 shares during the quarter. Schwab Fundamental U.S. Broad Market ETF accounts for about 1.0% of Kaizen Financial Strategies’ investment portfolio, making the stock its 19th largest holding. Kaizen Financial Strategies’ holdings in Schwab Fundamental U.S. Broad Market ETF were worth $2,193,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AlphaCore Capital LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 1.2% during the 3rd quarter. AlphaCore Capital LLC now owns 1,309,642 shares of the company’s stock worth $33,710,000 after buying an additional 16,047 shares during the period. Sound Stewardship LLC increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 2.8% during the third quarter. Sound Stewardship LLC now owns 633,824 shares of the company’s stock worth $16,315,000 after acquiring an additional 17,311 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 6.0% during the second quarter. Bank of America Corp DE now owns 435,216 shares of the company’s stock worth $10,436,000 after acquiring an additional 24,702 shares during the period. Ameriprise Financial Inc. lifted its position in Schwab Fundamental U.S. Broad Market ETF by 6.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 262,206 shares of the company’s stock valued at $6,278,000 after acquiring an additional 15,379 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Schwab Fundamental U.S. Broad Market ETF by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 247,636 shares of the company’s stock valued at $6,374,000 after acquiring an additional 2,080 shares in the last quarter.

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

FNDB stock opened at $28.37 on Friday. The stock has a 50-day moving average price of $27.63 and a two-hundred day moving average price of $26.39. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $19.94 and a 1 year high of $28.70. The stock has a market cap of $1.14 billion, a PE ratio of 17.81 and a beta of 0.94.

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.