Ieq Capital LLC Buys 56,393 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Ieq Capital LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 211.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,116 shares of the company’s stock after acquiring an additional 56,393 shares during the quarter. Ieq Capital LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FNDX. Foundations Investment Advisors LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at $237,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $201,000. Allworth Financial LP lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 53.9% during the third quarter. Allworth Financial LP now owns 3,617 shares of the company’s stock valued at $260,000 after purchasing an additional 1,267 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Schwab Fundamental U.S. Large Company Index ETF by 0.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 169,424 shares of the company’s stock worth $12,158,000 after acquiring an additional 785 shares in the last quarter. Finally, Kavar Capital Partners Group LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.5% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 438,485 shares of the company’s stock worth $31,466,000 after purchasing an additional 6,410 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.4 %

Shares of NYSEARCA:FNDX opened at $24.55 on Monday. The firm’s 50-day moving average is $24.27 and its 200 day moving average is $24.02. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $21.25 and a 12 month high of $25.17. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84.

Schwab Fundamental U.S. Large Company Index 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.