Main Street Research LLC Purchases New Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Main Street Research LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,576 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors have also modified their holdings of the stock. Gradient Investments LLC raised its position in Schwab Fundamental U.S. Large Company Index ETF by 2,886.7% in the 3rd quarter. Gradient Investments LLC now owns 448 shares of the company’s stock valued at $25,000 after purchasing an additional 433 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth about $30,000. Indiana Trust & Investment Management CO purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth about $34,000. MUFG Americas Holdings Corp acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the third quarter valued at approximately $42,000. Finally, Belpointe Asset Management LLC raised its position in Schwab Fundamental U.S. Large Company Index ETF by 109.0% during the 1st quarter. Belpointe Asset Management LLC now owns 788 shares of the company’s stock worth $43,000 after buying an additional 411 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 0.1 %

Shares of FNDX traded down $0.06 during mid-day trading on Tuesday, hitting $64.38. The company’s stock had a trading volume of 459,822 shares, compared to its average volume of 524,674. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $53.32 and a 1-year high of $67.52. The firm has a market capitalization of $12.99 billion, a P/E ratio of 15.88 and a beta of 1.00. The firm has a 50-day simple moving average of $65.18 and a 200 day simple moving average of $61.15.

Schwab Fundamental U.S. Large Company Index 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.