Payne Capital LLC Buys Shares of 241,590 Schwab Fundamental U.S. Large Company ETF $FNDX

Payne Capital LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 241,590 shares of the company’s stock, valued at approximately $6,354,000. Schwab Fundamental U.S. Large Company ETF accounts for about 6.4% of Payne Capital LLC’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock worth $9,871,112,000 after buying an additional 12,903,364 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 24,845.4% in the second quarter. AlphaCore Capital LLC now owns 3,396,569 shares of the company’s stock worth $83,352,000 after acquiring an additional 3,382,953 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 67.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock valued at $156,910,000 after acquiring an additional 2,585,828 shares in the last quarter. Berman McAleer LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the third quarter valued at $25,914,000. Finally, Corient Private Wealth LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 93.6% in the second quarter. Corient Private Wealth LLC now owns 1,819,924 shares of the company’s stock valued at $44,661,000 after purchasing an additional 879,651 shares during the period.

Schwab Fundamental U.S. Large Company ETF Price Performance

FNDX opened at $28.72 on Wednesday. The business has a fifty day moving average price of $27.67 and a 200 day moving average price of $26.54. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $20.41 and a 12 month high of $28.85. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93.

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.