Schwab Fundamental U.S. Large Company ETF $FNDX Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,166,483 shares of the company’s stock after selling 227,572 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $162,179,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. 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 purchasing 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 2nd quarter. AlphaCore Capital LLC now owns 3,396,569 shares of the company’s stock worth $83,352,000 after buying an additional 3,382,953 shares in the last quarter. Berman McAleer LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at approximately $25,914,000. Corient Private Wealth LLC grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 93.6% in the second quarter. Corient Private Wealth LLC now owns 1,819,924 shares of the company’s stock worth $44,661,000 after acquiring an additional 879,651 shares in the last quarter. Finally, Richardson Capital Management LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 409,338.5% during the third quarter. Richardson Capital Management LLC now owns 872,104 shares of the company’s stock worth $22,936,000 after acquiring an additional 871,891 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 1.8%

Shares of NYSEARCA FNDX opened at $29.14 on Friday. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $29.19. The stock has a market cap of $24.15 billion, a P/E ratio of 17.86 and a beta of 0.93. The business’s fifty day simple moving average is $27.78 and its 200-day simple moving average is $26.60.

About Schwab Fundamental U.S. Large Company ETF

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.