Lakewood Asset Management LLC Purchases 32,606 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Lakewood Asset Management LLC lifted its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 8.2% in the third quarter, HoldingsChannel.com reports. The firm owned 430,314 shares of the company’s stock after purchasing an additional 32,606 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises about 7.0% of Lakewood Asset Management LLC’s investment portfolio, making the stock its biggest holding. Lakewood Asset Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $13,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FNDX. Keybank National Association OH raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 50.2% during the 1st quarter. Keybank National Association OH now owns 12,454,472 shares of the company’s stock valued at $346,857,000 after purchasing an additional 4,162,731 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 6.3% during 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. Cetera Investment Advisers boosted its holdings 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 worth $108,377,000 after buying an additional 108,569 shares during the period. Charles Schwab Trust Co boosted its holdings 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 worth $112,169,000 after buying an additional 387,946 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock worth $87,567,000 after buying an additional 13,371 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX stock opened at $32.67 on Tuesday. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $25.87 and a 52-week high of $32.85. The firm has a market capitalization of $28.33 billion, a PE ratio of 17.86 and a beta of 0.88. The stock has a fifty day simple moving average of $32.29 and a two-hundred day simple moving average of $30.44.

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.