PFG Advisors Makes New $2.48 Million Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

PFG Advisors acquired a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 94,130 shares of the company’s stock, valued at approximately $2,476,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of 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 worth $43,000 after purchasing an additional 777 shares during the period. First Command Advisory Services Inc. purchased a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at about $43,000. Fifth Third Bancorp bought a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at approximately $44,000. Manning & Napier Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at approximately $50,000. Finally, PFS Partners LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter worth approximately $59,000.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX stock opened at $28.22 on Wednesday. The firm has a market cap of $23.38 billion, a P/E ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $20.41 and a fifty-two week high of $29.37. The business’s 50 day moving average price is $28.46 and its 200-day moving average price is $27.22.

Schwab Fundamental U.S. Large Company 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.