Schwab Fundamental U.S. Large Company ETF $FNDX Holdings Boosted by Next Capital Management LLC

Next Capital Management LLC raised its position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 23.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,168 shares of the company’s stock after purchasing an additional 20,010 shares during the quarter. Schwab Fundamental U.S. Large Company ETF accounts for 0.9% of Next Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Next Capital Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FNDX. Allworth Financial LP raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 12.5% during the 2nd quarter. Allworth Financial LP now owns 173,319 shares of the company’s stock worth $4,253,000 after purchasing an additional 19,215 shares in the last quarter. Assetmark Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 269.0% in the 2nd quarter. Assetmark Inc. now owns 15,350 shares of the company’s stock valued at $377,000 after buying an additional 11,190 shares in the last quarter. Blueprint Financial Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF in the second quarter worth approximately $4,739,000. Boyce & Associates Wealth Consulting Inc. raised its position in Schwab Fundamental U.S. Large Company ETF by 23.8% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 224,918 shares of the company’s stock valued at $5,915,000 after acquiring an additional 43,207 shares in the last quarter. Finally, BCS Wealth Management raised its position in Schwab Fundamental U.S. Large Company ETF by 22.2% during the third quarter. BCS Wealth Management now owns 178,274 shares of the company’s stock valued at $4,689,000 after acquiring an additional 32,377 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.9%

FNDX stock opened at $28.63 on Friday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $20.41 and a 12 month high of $28.97. The firm has a 50 day moving average of $27.74 and a two-hundred day moving average of $26.57.

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.