Foster & Motley Inc. Raises Stock Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Foster & Motley Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 13.1% in the first quarter, HoldingsChannel reports. The firm owned 318,893 shares of the company’s stock after buying an additional 37,005 shares during the period. Foster & Motley Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $8,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at about $719,000. AQR Capital Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at about $739,000. Jane Street Group LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% in the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after buying an additional 25,267 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% in the second quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock worth $661,000 after buying an additional 645 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the second quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock worth $418,000 after acquiring an additional 16,792 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.4%

Shares of FNDX stock opened at $30.98 on Friday. The stock has a 50 day moving average of $30.47 and a 200 day moving average of $28.96. The stock has a market cap of $26.68 billion, a P/E ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $24.21 and a twelve month high of $31.56.

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.