Novem Group Makes New Investment in Schwab Fundamental International Large Company Index ETF (NYSEARCA:FNDF)

Novem Group acquired a new stake in shares of Schwab Fundamental International Large Company Index ETF (NYSEARCA:FNDF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 191,447 shares of the company’s stock, valued at approximately $6,358,000. Schwab Fundamental International Large Company Index ETF makes up about 0.9% of Novem Group’s investment portfolio, making the stock its 24th largest holding. Novem Group owned 0.05% of Schwab Fundamental International Large Company Index ETF at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FNDF. Atomi Financial Group Inc. purchased a new position in shares of Schwab Fundamental International Large Company Index ETF in the fourth quarter valued at approximately $261,000. JPMorgan Chase & Co. raised its stake in Schwab Fundamental International Large Company Index ETF by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 93,101 shares of the company’s stock valued at $3,092,000 after purchasing an additional 3,397 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Schwab Fundamental International Large Company Index ETF by 29.2% in the 4th quarter. Merit Financial Group LLC now owns 16,491 shares of the company’s stock valued at $548,000 after purchasing an additional 3,728 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Schwab Fundamental International Large Company Index ETF by 3.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,596 shares of the company’s stock worth $750,000 after purchasing an additional 739 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Schwab Fundamental International Large Company Index ETF during the 4th quarter worth $1,296,000.

Schwab Fundamental International Large Company Index ETF Stock Up 0.6%

Shares of NYSEARCA FNDF opened at $38.79 on Wednesday. The firm has a 50-day simple moving average of $36.45 and a 200-day simple moving average of $35.34. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.17 and a beta of 0.78. Schwab Fundamental International Large Company Index ETF has a 52 week low of $31.92 and a 52 week high of $38.83.

About Schwab Fundamental International Large Company Index ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.