Bank of New York Mellon Corp Raises Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

Bank of New York Mellon Corp raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 3,064.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,528,667 shares of the company’s stock after acquiring an additional 2,448,747 shares during the quarter. Bank of New York Mellon Corp’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $68,805,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FNDX. Revolve Wealth Partners LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at $719,000. AQR Capital Management LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth $739,000. Jane Street Group LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% in the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after acquiring an additional 25,267 shares during the period. Baird Financial Group Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock valued at $661,000 after purchasing an additional 645 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock valued at $418,000 after purchasing an additional 16,792 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.1%

Schwab Fundamental U.S. Large Company ETF stock opened at $30.85 on Wednesday. The business has a 50-day simple moving average of $29.81 and a two-hundred day simple moving average of $28.61. The company has a market cap of $26.57 billion, a P/E ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $23.89 and a 52-week high of $31.29.

About Schwab Fundamental U.S. Large Company ETF

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.