MAI Capital Management Has $9.47 Million Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

MAI Capital Management raised its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,071 shares of the company’s stock after buying an additional 6,867 shares during the quarter. MAI Capital Management owned about 0.05% of Schwab Fundamental U.S. Large Company ETF worth $9,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FNDX. Paladin Advisory Group LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the second quarter valued at approximately $25,000. Dagco Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the second quarter worth $37,000. WealthShield Partners LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 40.4% in the 1st quarter. WealthShield Partners LLC now owns 1,881 shares of the company’s stock valued at $44,000 after buying an additional 541 shares during the period. Finally, Salomon & Ludwin LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 142.2% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,809 shares of the company’s stock valued at $45,000 after buying an additional 1,062 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 1.6%

FNDX stock opened at $26.31 on Friday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $27.01. The firm has a market cap of $20.84 billion, a PE ratio of 17.86 and a beta of 0.93. The business’s 50-day moving average price is $26.39 and its two-hundred day moving average price is $25.23.

Schwab Fundamental U.S. Large Company ETF Company 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.