Novem Group Has $2.78 Million Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Novem Group raised its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,080 shares of the company’s stock after purchasing an additional 6,330 shares during the quarter. Novem Group’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNDX. Private Trust Co. NA acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth approximately $47,000. Dynamic Advisor Solutions LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at $431,000. Janney Montgomery Scott LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 36.0% during the first quarter. Janney Montgomery Scott LLC now owns 28,991 shares of the company’s stock worth $684,000 after purchasing an additional 7,679 shares during the period. QRG Capital Management Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 29.5% in the first quarter. QRG Capital Management Inc. now owns 27,266 shares of the company’s stock worth $644,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 90.3% in the first quarter. Farther Finance Advisors LLC now owns 15,302 shares of the company’s stock worth $361,000 after purchasing an additional 7,260 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.3%

Shares of NYSEARCA:FNDX opened at $26.11 on Friday. The firm has a market cap of $19.84 billion, a P/E ratio of 17.86 and a beta of 1.00. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.51. The business has a fifty day simple moving average of $25.47 and a 200 day simple moving average of $24.18.

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.