Schmidt P J Investment Management Inc. Cuts Stock Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Schmidt P J Investment Management Inc. lessened its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 98,757 shares of the company’s stock after selling 1,490 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF makes up 1.2% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 24th largest position. Schmidt P J Investment Management Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $6,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Cowa LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 31,068.3% during the first quarter. Cowa LLC now owns 3,597,442 shares of the company’s stock valued at $2,105,000 after purchasing an additional 3,585,900 shares in the last quarter. Charles Schwab Investment Advisory Inc. grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.4% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 124,385,451 shares of the company’s stock valued at $6,961,854,000 after purchasing an additional 1,757,011 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the third quarter valued at about $39,682,000. Planned Solutions Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at about $21,114,000. Finally, CI Private Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at about $13,941,000.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.5 %

Shares of NYSEARCA:FNDX traded down $1.01 during trading on Friday, reaching $64.88. The company’s stock had a trading volume of 280,005 shares, compared to its average volume of 524,413. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $53.32 and a 12 month high of $67.52. The firm’s 50 day simple moving average is $65.11 and its two-hundred day simple moving average is $60.96. The stock has a market capitalization of $13.09 billion, a PE ratio of 15.88 and a beta of 1.00.

Schwab Fundamental U.S. Large Company Index 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.