Schwab Fundamental U.S. Large Company ETF $FNDX is Richardson Capital Management LLC’s 3rd Largest Position

Richardson Capital Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 409,338.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 872,104 shares of the company’s stock after purchasing an additional 871,891 shares during the period. Schwab Fundamental U.S. Large Company ETF comprises 10.9% of Richardson Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Richardson Capital Management LLC owned about 0.11% of Schwab Fundamental U.S. Large Company ETF worth $22,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paladin Advisory Group LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the second quarter worth about $25,000. Mid American Wealth Advisory Group Inc. acquired a new position in Schwab Fundamental U.S. Large Company ETF in the 2nd quarter valued at about $37,000. Bogart Wealth LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 91.5% during the third quarter. Bogart Wealth LLC now owns 1,626 shares of the company’s stock worth $43,000 after purchasing an additional 777 shares in the last quarter. Salomon & Ludwin LLC boosted its position in 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 during the period. Finally, Manning & Napier Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter worth $50,000.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.6%

Shares of NYSEARCA:FNDX opened at $28.19 on Monday. The stock 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 50 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 fifty-two week low of $20.41 and a fifty-two week high of $28.46.

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.