Cidel Asset Management Inc. increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX – Free Report) by 200.0% in the fourth quarter, HoldingsChannel reports. The firm owned 260,493 shares of the company’s stock after acquiring an additional 173,662 shares during the quarter. Cidel Asset Management Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $6,168,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Adirondack Trust Co. raised its position in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock worth $27,000 after buying an additional 770 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after acquiring an additional 1,093 shares during the period. Castleview Partners LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth $36,000. Finally, Global Wealth Strategies & Associates lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 1,731 shares of the company’s stock valued at $41,000 after purchasing an additional 1,156 shares during the period.
Schwab Fundamental U.S. Large Company Index ETF Stock Performance
NYSEARCA:FNDX opened at $24.45 on Friday. The firm’s fifty day moving average is $24.28 and its two-hundred day moving average is $23.84. The firm has a market cap of $5.60 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 one year low of $20.78 and a one year 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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