Gemmer Asset Management LLC Has $51.72 Million Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Gemmer Asset Management LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 772,112 shares of the company’s stock after purchasing an additional 35,166 shares during the period. Schwab Fundamental U.S. Large Company Index ETF accounts for 5.6% of Gemmer Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Gemmer Asset Management LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $51,716,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Advisory Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.9% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 127,923,658 shares of the company’s stock worth $8,620,775,000 after buying an additional 2,406,870 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 7.3% in the first quarter. Captrust Financial Advisors now owns 3,019,066 shares of the company’s stock worth $203,455,000 after acquiring an additional 204,998 shares during the last quarter. McAdam LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 6.3% in the first quarter. McAdam LLC now owns 2,584,983 shares of the company’s stock valued at $174,202,000 after acquiring an additional 152,141 shares during the period. Northwest Bancshares Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.0% during the first quarter. Northwest Bancshares Inc. now owns 2,084,640 shares of the company’s stock valued at $140,484,000 after purchasing an additional 40,927 shares during the last quarter. Finally, Steele Capital Management Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.8% during the 1st quarter. Steele Capital Management Inc. now owns 1,972,119 shares of the company’s stock worth $132,901,000 after purchasing an additional 53,726 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

Shares of NYSEARCA FNDX traded up $0.78 during mid-day trading on Tuesday, hitting $67.64. The company had a trading volume of 315,533 shares, compared to its average volume of 477,385. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $53.32 and a 12 month high of $70.06. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The firm’s 50 day simple moving average is $67.51 and its two-hundred day simple moving average is $66.04.

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.