Schwab Fundamental U.S. Large Company ETF $FNDX Shares Newly Purchased by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 168,707 shares of the company’s stock, valued at approximately $5,309,000. Schwab Fundamental U.S. Large Company ETF accounts for about 1.2% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Steele Capital Management Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the third quarter valued at approximately $202,347,000. Kestra Advisory Services LLC boosted its position in Schwab Fundamental U.S. Large Company ETF by 7.4% during the third quarter. Kestra Advisory Services LLC now owns 368,293 shares of the company’s stock worth $11,590,000 after acquiring an additional 25,316 shares during the last quarter. Claro Advisors Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter worth approximately $273,000. Commonwealth Equity Services LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter worth approximately $35,563,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at $7,215,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

FNDX traded down $0.14 during trading on Friday, hitting $32.10. The company’s stock had a trading volume of 4,264,299 shares, compared to its average volume of 4,465,932. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $25.87 and a twelve month high of $33.38. The stock has a market cap of $28.01 billion, a PE ratio of 17.86 and a beta of 0.87. The firm’s 50 day moving average price is $32.32 and its 200-day moving average price is $30.64.

About Schwab Fundamental U.S. Large Company ETF

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.