28-Mar-2024
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The funds goal is to track as closely as possible, before fees and expenses, the total return of the Russell RAFI US Index. The Fund can serve as part of the core or complement to market-cap indexing and active management in a diversified portfolio.
Schwab Fundamental U.S. Broad Market Index ETF trades on the ARCA stock market under the symbol FNDB.
As of March 28, 2024, FNDB stock price climbed to $66.26 with 31,973 million shares trading.
FNDB has a beta of 0.96, meaning it tends to be less sensitive to market movements. FNDB has a correlation of 0.85 to the broad based SPY ETF.
FNDB has a market cap of $745.43 million. This is considered a Small Cap stock.
In the last 3 years, FNDB stock traded as high as $66.30 and as low as $46.86.
FNDB has underperformed the market in the last year with a return of +28.6%, while the SPY ETF gained +33.6%. In the last 3 month period, FNDB fell short of the market, returning +8.6%, while SPY returned +10.1%. However, in the most recent 2 weeks FNDB has outperformed the stock market by returning +3.0%, while SPY returned +1.7%.
FNDB support price is $65.54 and resistance is $66.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FNDB stock will trade within this expected range on the day.