Richardson Capital Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 1,050,606 shares of the company’s stock, valued at approximately $33,063,000. Schwab Fundamental U.S. Large Company ETF makes up 14.4% of Richardson Capital Management LLC’s portfolio, making the stock its 2nd biggest holding.
Several other institutional investors have also modified their holdings of the business. Signaturefd LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the third quarter valued at $1,439,000. Citizens Financial Group Inc. RI acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter worth $281,000. Evergreen Capital Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter worth about $442,000. Nabity Jensen Investment Management Inc increased its holdings in Schwab Fundamental U.S. Large Company ETF by 0.5% during the 3rd quarter. Nabity Jensen Investment Management Inc now owns 64,971 shares of the company’s stock worth $2,045,000 after purchasing an additional 347 shares during the period. Finally, Gibson Capital LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter worth about $212,000.
Schwab Fundamental U.S. Large Company ETF Price Performance
FNDX stock opened at $32.60 on Friday. The firm has a market capitalization of $28.25 billion, a P/E ratio of 17.86 and a beta of 0.88. The business’s 50-day moving average is $32.29 and its two-hundred day moving average is $31.32. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $25.87 and a 1 year high of $32.85.
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.
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