Charles Schwab Trust Co Acquires 57,710 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Charles Schwab Trust Co lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,109,768 shares of the company’s stock after buying an additional 57,710 shares during the period. Schwab Fundamental U.S. Large Company ETF accounts for approximately 5.6% of Charles Schwab Trust Co’s holdings, making the stock its 4th largest holding. Charles Schwab Trust Co’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $84,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Schwab Fundamental U.S. Large Company ETF by 3.3% in 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 acquiring an additional 12,903,364 shares during the period. Berman McAleer LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter worth $25,914,000. Corient Private Wealth LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 93.6% during the second quarter. Corient Private Wealth LLC now owns 1,819,924 shares of the company’s stock worth $44,661,000 after acquiring an additional 879,651 shares during the period. Richardson Capital Management LLC lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 409,338.5% during the third quarter. Richardson Capital Management LLC now owns 872,104 shares of the company’s stock valued at $22,936,000 after purchasing an additional 871,891 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 5.0% during the second quarter. Captrust Financial Advisors now owns 16,304,295 shares of the company’s stock valued at $400,106,000 after purchasing an additional 771,493 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Down 1.1%

Shares of NYSEARCA FNDX opened at $27.51 on Monday. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The company’s 50-day simple moving average is $28.50 and its 200-day simple moving average is $27.34. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $29.37.

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.