Marco Investment Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,278 shares of the company’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also made changes to their positions in FNDX. Boulay Financial Advisors LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth about $140,067,000. Envestnet Asset Management Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 67.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock valued at $156,910,000 after buying an additional 2,585,828 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 31.9% during the first quarter. Ameriprise Financial Inc. now owns 7,764,205 shares of the company’s stock valued at $183,321,000 after buying an additional 1,878,599 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $29,957,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth approximately $29,957,000.
Schwab Fundamental U.S. Large Company ETF Stock Up 0.5%
FNDX opened at $26.50 on Friday. The business has a fifty day moving average of $26.27 and a 200 day moving average of $24.99. The stock has a market cap of $20.99 billion, a P/E ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $26.97.
Schwab Fundamental U.S. Large Company 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.
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