White Pine Investment CO Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

White Pine Investment CO bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 619,801 shares of the company’s stock, valued at approximately $19,505,000. Schwab Fundamental U.S. Large Company ETF comprises approximately 3.8% of White Pine Investment CO’s investment portfolio, making the stock its 4th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH raised its position in Schwab Fundamental U.S. Large Company ETF by 50.2% during the first quarter. Keybank National Association OH now owns 12,454,472 shares of the company’s stock worth $346,857,000 after acquiring an additional 4,162,731 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Schwab Fundamental U.S. Large Company ETF by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,039,245 shares of the company’s stock valued at $218,921,000 after buying an additional 416,802 shares in the last quarter. Charles Schwab Trust Co lifted its stake in Schwab Fundamental U.S. Large Company ETF by 12.1% in the 2nd quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock valued at $112,169,000 after buying an additional 387,946 shares in the last quarter. Cetera Investment Advisers lifted its stake in Schwab Fundamental U.S. Large Company ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 3,891,438 shares of the company’s stock valued at $108,377,000 after buying an additional 108,569 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Schwab Fundamental U.S. Large Company ETF by 0.4% during the 1st quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock valued at $87,567,000 after buying an additional 13,371 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Schwab Fundamental U.S. Large Company ETF stock opened at $32.58 on Friday. The stock has a fifty day moving average of $32.28 and a two-hundred day moving average of $31.14. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $25.87 and a fifty-two week high of $32.85.

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.