Bank of Montreal Can Acquires 5,997 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Bank of Montreal Can increased its holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 10.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 65,039 shares of the company’s stock after purchasing an additional 5,997 shares during the quarter. Bank of Montreal Can’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $1,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at $719,000. Litman Gregory Wealth Management LLC boosted its position in Schwab Fundamental U.S. Large Company ETF by 3.3% during the first quarter. Litman Gregory Wealth Management LLC now owns 18,775 shares of the company’s stock valued at $443,000 after purchasing an additional 607 shares in the last quarter. Archvest Wealth Advisors Inc. grew its stake in Schwab Fundamental U.S. Large Company ETF by 1.6% in the first quarter. Archvest Wealth Advisors Inc. now owns 29,063 shares of the company’s stock valued at $686,000 after purchasing an additional 455 shares during the last quarter. JMG Financial Group Ltd. raised its holdings in Schwab Fundamental U.S. Large Company ETF by 4.1% in the first quarter. JMG Financial Group Ltd. now owns 18,515 shares of the company’s stock worth $437,000 after purchasing an additional 732 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 82.9% during the first quarter. Csenge Advisory Group now owns 16,569 shares of the company’s stock valued at $365,000 after buying an additional 7,511 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA:FNDX opened at $26.63 on Friday. The company’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $25.09. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $20.41 and a fifty-two week high of $27.01. The stock has a market capitalization of $21.09 billion, a P/E ratio of 17.86 and a beta of 0.93.

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.