Breakwater Investment Management Buys 6,058 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Breakwater Investment Management boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,087 shares of the company’s stock after purchasing an additional 6,058 shares during the period. Breakwater Investment Management’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $211,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the third quarter. FMR LLC now owns 1,457 shares of the company’s stock valued at $103,000 after acquiring an additional 849 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter valued at about $142,000. Winthrop Advisory Group LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF in the third quarter worth about $211,000. Glass Jacobson Investment Advisors llc lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock worth $240,000 after buying an additional 2,852 shares in the last quarter. Finally, Values Added Financial LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at approximately $331,000.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.7 %

Shares of NYSEARCA FNDB opened at $23.90 on Tuesday. The firm has a market cap of $272.46 million, a P/E ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $19.89 and a twelve month high of $24.73. The company has a 50 day moving average of $23.86 and a 200 day moving average of $23.26.

Schwab Fundamental U.S. Broad Market Index 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.