Mather Group LLC. Buys New Holdings in Schwab Fundamental U.S. Broad Market ETF $FNDB

Mather Group LLC. purchased a new position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,332 shares of the company’s stock, valued at approximately $684,000.

A number of other large investors also recently added to or reduced their stakes in FNDB. Quantinno Capital Management LP bought a new stake in Schwab Fundamental U.S. Broad Market ETF in the first quarter worth $1,386,000. Kaizen Financial Strategies lifted its position in Schwab Fundamental U.S. Broad Market ETF by 22.8% during the third quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock valued at $7,493,000 after purchasing an additional 45,463 shares during the last quarter. Carnegie Investment Counsel lifted its position in Schwab Fundamental U.S. Broad Market ETF by 149.1% during the first quarter. Carnegie Investment Counsel now owns 42,344 shares of the company’s stock valued at $1,152,000 after purchasing an additional 25,345 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Schwab Fundamental U.S. Broad Market ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock valued at $9,034,000 after purchasing an additional 18,829 shares during the last quarter. Finally, James Investment Research Inc. lifted its position in Schwab Fundamental U.S. Broad Market ETF by 13.6% during the first quarter. James Investment Research Inc. now owns 109,943 shares of the company’s stock valued at $2,990,000 after purchasing an additional 13,137 shares during the last quarter.

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

Shares of NYSEARCA:FNDB opened at $31.54 on Friday. The firm has a fifty day simple moving average of $31.43 and a two-hundred day simple moving average of $30.40. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $25.21 and a 52 week high of $32.03. The stock has a market capitalization of $1.49 billion, a P/E ratio of 17.81 and a beta of 0.88.

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.