Steele Capital Management Inc. Purchases 3,993,372 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Steele Capital Management Inc. grew its position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 201.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,979,245 shares of the company’s stock after acquiring an additional 3,993,372 shares during the period. Schwab Fundamental U.S. Large Company Index ETF comprises approximately 7.4% of Steele Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Steele Capital Management Inc. owned approximately 2.61% of Schwab Fundamental U.S. Large Company Index ETF worth $141,589,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. McAdam LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the 4th quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after acquiring an additional 6,193,223 shares during the period. Captrust Financial Advisors lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 7.2% during the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock valued at $333,059,000 after purchasing an additional 313,382 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 18.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock valued at $229,383,000 after purchasing an additional 501,854 shares during the period. Charles Schwab Trust Co increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.4% during the fourth quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after purchasing an additional 1,809,709 shares in the last quarter. Finally, Lee Financial Co raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 199.5% during the 4th quarter. Lee Financial Co now owns 2,493,356 shares of the company’s stock worth $59,043,000 after purchasing an additional 1,660,841 shares during the last quarter.

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

Shares of Schwab Fundamental U.S. Large Company Index ETF stock opened at $24.81 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $21.11 and a twelve month high of $25.17. The firm has a market capitalization of $5.68 billion, a PE ratio of 17.79 and a beta of 0.84. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $23.94.

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.