NewEdge Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) by 96.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,489 shares of the company’s stock after purchasing an additional 85,371 shares during the period. NewEdge Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $4,832,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Keenan LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $27,000. Resources Management Corp CT ADV acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at $27,000. Ascentis Independent Advisors acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at $28,000. Valued Wealth Advisors LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth $30,000. Finally, Capital Investment Advisory Services LLC grew its position in 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 worth $37,000 after acquiring an additional 615 shares during the last quarter.
Schwab Fundamental U.S. Large Company ETF Stock Down 0.1%
Shares of FNDX opened at $32.41 on Wednesday. The stock has a market cap of $27.36 billion, a PE ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $24.93 and a 12-month high of $32.51. The business has a 50-day simple moving average of $31.40 and a two-hundred day simple moving average of $29.89.
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.
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