Beacon Pointe Advisors LLC Grows Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Beacon Pointe Advisors LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 76.4% during the 2nd quarter, Holdings Channel reports. The firm owned 83,483 shares of the company’s stock after buying an additional 36,156 shares during the period. Beacon Pointe Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,049,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FNDX. Charles Schwab Investment Management Inc. grew its holdings in Schwab Fundamental U.S. Large Company ETF by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock valued at $9,871,112,000 after buying an additional 12,903,364 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 24,845.4% in the second quarter. AlphaCore Capital LLC now owns 3,396,569 shares of the company’s stock worth $83,352,000 after buying an additional 3,382,953 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 67.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock worth $156,910,000 after acquiring an additional 2,585,828 shares during the last quarter. Boulay Financial Advisors LLC grew its stake in Schwab Fundamental U.S. Large Company ETF by 36.1% during the second quarter. Boulay Financial Advisors LLC now owns 8,538,518 shares of the company’s stock valued at $195,005,000 after acquiring an additional 2,266,989 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Schwab Fundamental U.S. Large Company ETF by 31.9% in the 1st quarter. Ameriprise Financial Inc. now owns 7,764,205 shares of the company’s stock valued at $183,321,000 after acquiring an additional 1,878,599 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.2%

Shares of FNDX stock opened at $27.28 on Friday. The company’s fifty day simple moving average is $26.54 and its two-hundred day simple moving average is $25.46. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $20.41 and a 52 week high of $27.36. The stock has a market cap of $21.61 billion, a P/E ratio of 17.86 and a beta of 0.93.

Schwab Fundamental U.S. Large Company ETF Profile

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.