Arete Wealth Advisors LLC Has $10.99 Million Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Arete Wealth Advisors LLC lessened its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 6.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 417,670 shares of the company’s stock after selling 29,195 shares during the period. Arete Wealth Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $10,985,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FNDX. Charles Schwab Investment Management Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock worth $9,871,112,000 after purchasing an additional 12,903,364 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 5.0% in the second quarter. Captrust Financial Advisors now owns 16,304,295 shares of the company’s stock worth $400,106,000 after purchasing an additional 771,493 shares in the last quarter. Boulay Financial Advisors LLC increased its position in Schwab Fundamental U.S. Large Company ETF by 2.9% during the third quarter. Boulay Financial Advisors LLC now owns 8,772,604 shares of the company’s stock worth $230,719,000 after buying an additional 243,340 shares during the last quarter. McAdam LLC increased its position in Schwab Fundamental U.S. Large Company ETF by 5.8% during the third quarter. McAdam LLC now owns 8,751,118 shares of the company’s stock worth $230,154,000 after buying an additional 482,945 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Schwab Fundamental U.S. Large Company ETF by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 8,113,872 shares of the company’s stock valued at $199,151,000 after buying an additional 349,667 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

FNDX opened at $29.03 on Friday. The company has a market cap of $24.05 billion, a PE ratio of 17.86 and a beta of 0.93. The stock has a 50-day moving average of $28.30 and a 200-day moving average of $27.05. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $29.37.

About Schwab Fundamental U.S. Large Company 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.