Signature Estate & Investment Advisors LLC Sells 2,971,926 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Signature Estate & Investment Advisors LLC lowered its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 28.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,417,222 shares of the company’s stock after selling 2,971,926 shares during the period. Schwab Fundamental U.S. Large Company ETF comprises 4.6% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Signature Estate & Investment Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $175,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Woodside Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at approximately $25,000. Bridge Generations Wealth Management LLC grew its position in Schwab Fundamental U.S. Large Company ETF by 171.2% during the first quarter. Bridge Generations Wealth Management LLC now owns 1,169 shares of the company’s stock valued at $28,000 after acquiring an additional 738 shares during the period. Key Financial Inc boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 79.5% in the first quarter. Key Financial Inc now owns 1,346 shares of the company’s stock worth $32,000 after buying an additional 596 shares during the period. Pinney & Scofield Inc. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth about $33,000. Finally, Dagco Inc. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth about $33,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of NYSEARCA FNDX opened at $25.85 on Monday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $26.04. The business has a 50-day moving average of $25.11 and a 200-day moving average of $23.99. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 17.86 and a beta of 1.00.

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.