Absolute Capital Management LLC Purchases New Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Absolute Capital Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 78,500 shares of the company’s stock, valued at approximately $4,862,000. Schwab Fundamental U.S. Large Company Index ETF makes up 4.4% of Absolute Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 2,886.7% in the third quarter. Gradient Investments LLC now owns 448 shares of the company’s stock valued at $25,000 after buying an additional 433 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter valued at approximately $25,000. WealthShield Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at approximately $44,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 43.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,340 shares of the company’s stock valued at $75,000 after purchasing an additional 404 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 20.1% during the third quarter. Citigroup Inc. now owns 1,338 shares of the company’s stock valued at $75,000 after purchasing an additional 224 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.3 %

FNDX opened at $65.04 on Friday. The firm has a market capitalization of $14.76 billion, a P/E ratio of 17.39 and a beta of 0.86. The firm’s 50 day moving average is $65.40 and its 200-day moving average is $61.68. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $53.32 and a 52-week high of $67.52.

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.