Sat Sep 07 11:52:48 UTC 2024: ## Institutional Investors Show Interest in Schwab Fundamental U.S. Broad Market Index ETF (FNDB)

**New York, NY – September 7, 2024** – Foster & Motley Inc., a prominent institutional investor, increased its stake in Schwab Fundamental U.S. Broad Market Index ETF (FNDB) by 7.5% during the second quarter, according to the company’s recent Form 13F filing. The ETF, which tracks the Russell RAFI US index, is weighted based on fundamental factors like sales, cash flow, and dividends/buybacks.

Foster & Motley now owns 3,907 shares of FNDB, valued at $256,000. This move follows a trend of growing interest in the ETF, as other institutional investors like Hexagon Capital Partners LLC, Pineridge Advisors LLC, Wealth Enhancement Advisory Services LLC, Mission Wealth Management LP, and Litman Gregory Wealth Management LLC have also recently acquired or increased their holdings in FNDB.

FNDB opened at $67.08 on Friday, with a 1-year low of $52.39 and a 1-year high of $69.58. The company boasts a market capitalization of $764.71 million, a PE ratio of 17.65, and a beta of 0.86.

Launched in August 2013, FNDB is managed by Charles Schwab and provides investors with exposure to a diversified portfolio of US equities based on a fundamental approach.

For more information on FNDB and other hedge fund holdings, visit HoldingsChannel.com. To receive daily news and analyst ratings on FNDB and related companies, subscribe to MarketBeat.com’s free email newsletter.

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