Pasadena Private Wealth LLC Cuts Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

Pasadena Private Wealth LLC trimmed its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 19.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 537,356 shares of the company’s stock after selling 131,843 shares during the period. Schwab Fundamental U.S. Large Company ETF comprises 2.0% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 13th biggest position. Pasadena Private Wealth LLC owned approximately 0.07% of Schwab Fundamental U.S. Large Company ETF worth $14,132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock valued at $9,871,112,000 after acquiring an additional 12,903,364 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 24,845.4% during 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 during the period. Envestnet Asset Management Inc. boosted its position in 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 worth $156,910,000 after purchasing an additional 2,585,828 shares during the last quarter. Boulay Financial Advisors LLC grew its stake in Schwab Fundamental U.S. Large Company ETF by 36.1% in the 2nd quarter. Boulay Financial Advisors LLC now owns 8,538,518 shares of the company’s stock valued at $195,005,000 after purchasing an additional 2,266,989 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 93.6% during the 2nd 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 last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA FNDX opened at $28.12 on Friday. The business’s fifty day moving average is $27.06 and its 200-day moving average is $26.10. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $28.16.

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.