Alhambra Investment Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX – Free Report) by 276.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 313,653 shares of the company’s stock after purchasing an additional 230,424 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF comprises 3.8% of Alhambra Investment Management LLC’s portfolio, making the stock its 3rd largest position. Alhambra Investment Management LLC owned approximately 0.14% of Schwab Fundamental U.S. Large Company Index ETF worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Whitener Capital Management Inc. increased its position in Schwab Fundamental U.S. Large Company Index ETF by 195.4% in the 4th quarter. Whitener Capital Management Inc. now owns 97,949 shares of the company’s stock valued at $2,319,000 after acquiring an additional 64,791 shares during the period. Merit Financial Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter worth $10,132,000. First Pacific Financial increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.3% during the fourth quarter. First Pacific Financial now owns 4,688 shares of the company’s stock valued at $111,000 after purchasing an additional 3,132 shares during the period. Channel Wealth LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Channel Wealth LLC now owns 30,942 shares of the company’s stock valued at $733,000 after purchasing an additional 20,629 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 238.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 66,183 shares of the company’s stock worth $1,567,000 after purchasing an additional 46,623 shares during the period.
Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.8 %
FNDX stock opened at $24.37 on Friday. The firm’s 50-day moving average is $24.30 and its two-hundred day moving average is $23.66. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $20.22 and a 52 week high of $25.17.
About Schwab Fundamental U.S. Large Company Index 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.
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