Charles Schwab Investment Management Inc. Raises Stock Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Charles Schwab Investment Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,245,815 shares of the company’s stock after purchasing an additional 12,903,364 shares during the period. Schwab Fundamental U.S. Large Company ETF accounts for 1.7% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 6th biggest holding. Charles Schwab Investment Management Inc. owned 0.53% of Schwab Fundamental U.S. Large Company ETF worth $9,871,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paladin Advisory Group LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 2nd quarter valued at about $25,000. Dagco Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the first quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the second quarter valued at approximately $37,000. WealthShield Partners LLC increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 40.4% during the first quarter. WealthShield Partners LLC now owns 1,881 shares of the company’s stock valued at $44,000 after acquiring an additional 541 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings 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 valued at $45,000 after acquiring an additional 1,062 shares in the last quarter.

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

Shares of FNDX opened at $26.31 on Friday. The business’s fifty day moving average is $26.39 and its 200 day moving average is $25.25. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $27.01. The stock has a market cap of $20.84 billion, a P/E 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.