Fifth Third Securities Inc. Reduces Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Fifth Third Securities Inc. trimmed its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 12.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 39,937 shares of the company’s stock after selling 5,931 shares during the quarter. Fifth Third Securities Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $946,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FNDX. SOL Capital Management CO raised its position in Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the 4th quarter. SOL Capital Management CO now owns 27,600 shares of the company’s stock worth $654,000 after purchasing an additional 18,400 shares during the period. Sage Financial Group Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% during the fourth quarter. Sage Financial Group Inc. now owns 36,675 shares of the company’s stock valued at $868,000 after buying an additional 24,349 shares during the last quarter. Reston Wealth Management LLC raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 209.5% in the fourth quarter. Reston Wealth Management LLC now owns 2,086,496 shares of the company’s stock worth $49,408,000 after buying an additional 1,412,414 shares during the period. Foster & Motley Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 182.6% during the 4th quarter. Foster & Motley Inc. now owns 269,881 shares of the company’s stock worth $6,391,000 after acquiring an additional 174,390 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 206.0% during the 4th quarter. Manning & Napier Advisors LLC now owns 441,944 shares of the company’s stock valued at $10,465,000 after acquiring an additional 297,502 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 0.7 %

Shares of Schwab Fundamental U.S. Large Company Index ETF stock opened at $24.63 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $20.72 and a 52 week high of $25.17. The company has a market capitalization of $5.64 billion, a PE ratio of 17.79 and a beta of 0.84. The stock’s fifty day moving average is $24.31 and its two-hundred day moving average is $23.80.

Schwab Fundamental U.S. Large Company Index 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.