Schwab Fundamental U.S. Large Company ETF $FNDX Stake Lifted by Richardson Capital Management LLC

Richardson Capital Management LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 409,338.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 872,104 shares of the company’s stock after buying an additional 871,891 shares during the quarter. Schwab Fundamental U.S. Large Company ETF makes up approximately 10.9% of Richardson Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Richardson Capital Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $22,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Paladin Advisory Group LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 2nd quarter valued at approximately $25,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 2nd quarter valued at approximately $37,000. Bogart Wealth LLC increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 91.5% in the third quarter. Bogart Wealth LLC now owns 1,626 shares of the company’s stock valued at $43,000 after purchasing an additional 777 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 142.2% during the second quarter. Salomon & Ludwin LLC now owns 1,809 shares of the company’s stock worth $45,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the third quarter worth $50,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX opened at $28.19 on Monday. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The firm’s fifty day moving average price is $27.38 and its 200 day moving average price is $26.37. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $28.46.

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.