Steele Capital Management Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,429,828 shares of the company’s stock, valued at approximately $202,347,000. Schwab Fundamental U.S. Large Company ETF accounts for approximately 7.5% of Steele Capital Management Inc.’s portfolio, making the stock its 2nd biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at $86,453,000. Lee Financial Co acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at $69,182,000. True North Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter valued at $57,756,000. TTP Investments Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at $47,585,000. Finally, Commonwealth Equity Services LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the third quarter valued at $35,563,000.
Schwab Fundamental U.S. Large Company ETF Stock Performance
FNDX opened at $32.24 on Friday. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $25.87 and a fifty-two week high of $33.38. The company has a fifty day moving average of $32.32 and a two-hundred day moving average of $30.62. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87.
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.
See Also
- Five stocks we like better than Schwab Fundamental U.S. Large Company ETF
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Want to see what other hedge funds are holding FNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report).
Receive News & Ratings for Schwab Fundamental U.S. Large Company ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Fundamental U.S. Large Company ETF and related companies with MarketBeat.com's FREE daily email newsletter.
