Directional Asset Management Takes $1.53 Million Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Directional Asset Management acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,074 shares of the company’s stock, valued at approximately $1,526,000. Schwab Fundamental U.S. Large Company ETF accounts for about 1.3% of Directional Asset Management’s holdings, making the stock its 21st largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $719,000. AQR Capital Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $739,000. Jane Street Group LLC increased its stake in Schwab Fundamental U.S. Large Company ETF by 39.9% in the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock valued at $2,090,000 after purchasing an additional 25,267 shares during the last quarter. Baird Financial Group Inc. increased its stake in Schwab Fundamental U.S. Large Company ETF by 2.5% in the second quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock valued at $661,000 after purchasing an additional 645 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the second quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock worth $418,000 after buying an additional 16,792 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.2%

Shares of NYSEARCA:FNDX opened at $29.49 on Friday. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The stock’s 50-day moving average price is $28.50 and its two-hundred day moving average price is $27.71. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $22.25 and a 12-month high of $29.60.

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.