Bristlecone Value Partners LLC Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Bristlecone Value Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 360,410 shares of the company’s stock, valued at approximately $9,807,000. Schwab Fundamental U.S. Large Company ETF accounts for about 11.3% of Bristlecone Value Partners LLC’s portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock valued at $37,000 after acquiring an additional 615 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at approximately $39,000. RHL Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at approximately $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at approximately $42,000. Finally, Fifth Third Bancorp bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at approximately $44,000.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.9%

Schwab Fundamental U.S. Large Company ETF stock opened at $31.30 on Friday. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $23.89 and a twelve month high of $31.38. The firm has a 50 day moving average price of $30.00 and a 200-day moving average price of $28.69. The company has a market capitalization of $26.96 billion, a P/E ratio of 17.86 and a beta of 0.87.

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.