True North Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,073,839 shares of the company’s stock, valued at approximately $57,756,000. Schwab Fundamental U.S. Large Company ETF makes up approximately 6.6% of True North Advisors LLC’s holdings, making the stock its 3rd largest holding.
Other hedge funds have also added to or reduced their stakes in the company. TradeWell Securities LLC. bought a new position in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth about $346,153,000. Keybank National Association OH increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% in the fourth quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock worth $225,618,000 after acquiring an additional 8,266,612 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 25.7% in the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock worth $582,113,000 after acquiring an additional 4,370,263 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock worth $11,249,790,000 after purchasing an additional 4,241,879 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock worth $68,805,000 after purchasing an additional 2,448,747 shares during the period.
Schwab Fundamental U.S. Large Company ETF Price Performance
NYSEARCA:FNDX opened at $31.46 on Friday. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $24.27 and a fifty-two week high of $31.72. The stock has a market capitalization of $26.36 billion, a PE ratio of 17.86 and a beta of 0.87. The business’s 50-day simple moving average is $30.99 and its 200-day simple moving average is $29.40.
About Schwab Fundamental U.S. Large Company ETF
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.
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