Pasadena Private Wealth LLC Has $24.95 Million Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Pasadena Private Wealth LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 70.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 916,854 shares of the company’s stock after acquiring an additional 379,498 shares during the quarter. Schwab Fundamental U.S. Large Company ETF makes up 3.4% of Pasadena Private Wealth LLC’s portfolio, making the stock its 5th biggest position. Pasadena Private Wealth LLC owned 0.11% of Schwab Fundamental U.S. Large Company ETF worth $24,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Savant Capital LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 56.3% in the 4th quarter. Savant Capital LLC now owns 213,131 shares of the company’s stock worth $5,799,000 after purchasing an additional 76,735 shares during the period. MidAtlantic Capital Management Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 8.8% in the 4th quarter. MidAtlantic Capital Management Inc. now owns 55,322 shares of the company’s stock worth $1,505,000 after purchasing an additional 4,457 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 6.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 202,910 shares of the company’s stock worth $5,521,000 after purchasing an additional 11,557 shares during the period. TradeWell Securities LLC. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter worth about $346,153,000. Finally, Studio Investment Management LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.6% in the 4th quarter. Studio Investment Management LLC now owns 27,437 shares of the company’s stock worth $747,000 after purchasing an additional 689 shares during the period.

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

NYSEARCA:FNDX opened at $31.03 on Friday. The company has a 50-day moving average price of $29.29 and a 200-day moving average price of $28.36. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $23.44 and a 12 month high of $31.08. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

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.