MidAtlantic Capital Management Inc. Has $1.30 Million Stock Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

MidAtlantic Capital Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 230.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,863 shares of the company’s stock after purchasing an additional 38,246 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF comprises about 1.0% of MidAtlantic Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. MidAtlantic Capital Management Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Castleview Partners LLC bought a new stake in Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth approximately $32,000. Indiana Trust & Investment Management Co acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth $50,000. Adirondack Trust Co. boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock worth $27,000 after buying an additional 770 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after buying an additional 1,093 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter valued at $108,000.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

Schwab Fundamental U.S. Large Company Index ETF stock opened at $24.81 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $20.93 and a fifty-two week high of $25.17. The firm has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $23.90. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84.

About Schwab Fundamental U.S. Large Company Index 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.