MAI Capital Management Buys 72,007 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

MAI Capital Management increased its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 18.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 458,078 shares of the company’s stock after buying an additional 72,007 shares during the quarter. MAI Capital Management’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $12,047,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Paladin Advisory Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 2nd quarter worth approximately $25,000. Bogart Wealth LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 91.5% during the third quarter. Bogart Wealth LLC now owns 1,626 shares of the company’s stock valued at $43,000 after purchasing an additional 777 shares during the period. First Command Advisory Services Inc. bought a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at $43,000. Fifth Third Bancorp purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the third quarter worth $44,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the third quarter valued at $50,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of NYSEARCA FNDX opened at $29.02 on Thursday. The stock has a market capitalization of $24.05 billion, a PE ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $29.37. The business’s fifty day moving average price is $28.22 and its 200-day moving average price is $26.99.

Schwab Fundamental U.S. Large Company ETF Company 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.