Alhambra Investment Management LLC increased its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) by 24.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 391,819 shares of the company’s stock after buying an additional 78,166 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises 4.8% of Alhambra Investment Management LLC’s holdings, making the stock its 2nd largest position. Alhambra Investment Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $9,251,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in FNDX. Revolve Wealth Partners LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at $719,000. Choreo LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 193.5% in the fourth quarter. Choreo LLC now owns 18,571 shares of the company’s stock valued at $439,000 after purchasing an additional 12,244 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at $2,310,000. Newbridge Financial Services Group Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at $50,000. Finally, Savant Capital LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 218.8% in the fourth quarter. Savant Capital LLC now owns 108,645 shares of the company’s stock valued at $2,573,000 after purchasing an additional 74,566 shares during the period.
Schwab Fundamental U.S. Large Company ETF Stock Up 0.7%
NYSEARCA:FNDX opened at $24.19 on Wednesday. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $20.41 and a 52 week high of $25.17. The company has a market capitalization of $18.23 billion, a P/E ratio of 18.51 and a beta of 0.94. The stock’s fifty day moving average is $22.93 and its two-hundred day moving average is $23.77.
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.
Further Reading
- Five stocks we like better than Schwab Fundamental U.S. Large Company ETF
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- D-Wave Is Soaring—But Is ETF Diversification the Better Strategy?
- Investing In Preferred Stock vs. Common Stock
- AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway
- How Technical Indicators Can Help You Find Oversold Stocks
- Casey’s Surges on Strong Q4, More Gains Likely Ahead
Want to see what other hedge funds are holding FNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report).
Receive News & Ratings for Schwab Fundamental U.S. Large Company ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Fundamental U.S. Large Company ETF and related companies with MarketBeat.com's FREE daily email newsletter.
