IFC & Insurance Marketing Inc. Buys New Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

IFC & Insurance Marketing Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the first quarter, Holdings Channel.com reports. The fund purchased 264,710 shares of the company’s stock, valued at approximately $7,372,000. Schwab Fundamental U.S. Large Company ETF makes up approximately 7.7% of IFC & Insurance Marketing Inc.’s holdings, making the stock its 2nd biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in FNDX. Charles Schwab Investment Management Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock valued at $11,249,790,000 after purchasing an additional 4,241,879 shares in the last quarter. Captrust Financial Advisors boosted its position in Schwab Fundamental U.S. Large Company ETF by 25.7% during the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock worth $582,113,000 after purchasing an additional 4,370,263 shares in the last quarter. TradeWell Securities LLC. purchased a new position in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth approximately $346,153,000. Boulay Financial Advisors LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 4.0% in the fourth quarter. Boulay Financial Advisors LLC now owns 9,126,260 shares of the company’s stock valued at $248,326,000 after purchasing an additional 353,656 shares during the period. Finally, Keybank National Association OH grew its holdings in Schwab Fundamental U.S. Large Company ETF by 32,896.7% in the fourth quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock valued at $225,618,000 after purchasing an additional 8,266,612 shares during the period.

Schwab Fundamental U.S. Large Company ETF Price Performance

Schwab Fundamental U.S. Large Company ETF stock opened at $31.11 on Tuesday. The stock has a market capitalization of $26.79 billion, a PE ratio of 17.86 and a beta of 0.87. The business has a 50 day simple moving average of $30.35 and a 200-day simple moving average of $28.88. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $23.89 and a 12 month high of $31.56.

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.