Schwab Fundamental U.S. Large Company ETF $FNDX Stock Position Cut by Wealth Forward LLC

Wealth Forward LLC lessened its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 490,770 shares of the company’s stock after selling 4,720 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises about 8.1% of Wealth Forward LLC’s holdings, making the stock its 5th biggest holding. Wealth Forward LLC owned about 0.06% of Schwab Fundamental U.S. Large Company ETF worth $12,043,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Boulay Financial Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth approximately $140,067,000. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $156,910,000 after acquiring an additional 2,585,828 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 31.9% in the first quarter. Ameriprise Financial Inc. now owns 7,764,205 shares of the company’s stock valued at $183,321,000 after acquiring an additional 1,878,599 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $29,957,000. Finally, Fortis Capital Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth $29,957,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of NYSEARCA FNDX opened at $26.50 on Monday. The company has a market cap of $20.99 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The stock’s 50-day moving average is $26.27 and its two-hundred day moving average is $25.01. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $26.97.

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.