Quantinno Capital Management LP Buys 250,939 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Quantinno Capital Management LP lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 59.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 672,060 shares of the company’s stock after purchasing an additional 250,939 shares during the period. Quantinno Capital Management LP’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $18,717,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Keenan LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at approximately $27,000. Resources Management Corp CT ADV acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $27,000. Ascentis Independent Advisors acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth $28,000. Valued Wealth Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at $30,000. Finally, Capital Investment Advisory Services LLC boosted its position in Schwab Fundamental U.S. Large Company ETF by 82.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock valued at $37,000 after buying an additional 615 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA FNDX opened at $31.74 on Monday. The stock has a fifty day moving average of $31.22 and a 200-day moving average of $29.69. The stock has a market capitalization of $26.76 billion, a P/E ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $24.27 and a 52 week high of $31.94.

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.