Quadrant Capital Group LLC Makes New $86.45 Million Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Quadrant Capital Group LLC bought a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 2,671,587 shares of the company’s stock, valued at approximately $86,453,000. Schwab Fundamental U.S. Large Company ETF comprises about 2.3% of Quadrant Capital Group LLC’s holdings, making the stock its 8th largest position. Quadrant Capital Group LLC owned about 0.31% of Schwab Fundamental U.S. Large Company ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FNDX. Ascentis Independent Advisors purchased a new position in Schwab Fundamental U.S. Large Company ETF in the first quarter worth about $28,000. Valued Wealth Advisors LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter worth approximately $30,000. Richards Merrill & Peterson Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at approximately $40,000. Signature Resources Capital Management LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 161.1% during the first quarter. Signature Resources Capital Management LLC now owns 1,316 shares of the company’s stock valued at $37,000 after purchasing an additional 812 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $45,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX opened at $32.69 on Wednesday. The firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $25.87 and a 1 year high of $32.85. The business has a 50 day simple moving average of $32.29 and a 200-day simple moving average of $31.25.

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.