Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Position Lifted by Steele Capital Management Inc.

Steele Capital Management Inc. lifted its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,054,706 shares of the company’s stock after purchasing an additional 75,461 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises about 7.4% of Steele Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Steele Capital Management Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $142,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 200.0% in the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the period. WealthShield Partners LLC grew its position in Schwab Fundamental U.S. Large Company ETF by 201.1% in the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after acquiring an additional 895 shares during the period. Oarsman Capital Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $32,000. Pinney & Scofield Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $33,000. Finally, Tidemark LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 201.8% in the fourth quarter. Tidemark LLC now owns 1,799 shares of the company’s stock valued at $43,000 after purchasing an additional 1,203 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Down 1.0%

NYSEARCA FNDX opened at $23.97 on Friday. The stock has a market cap of $18.06 billion, a PE ratio of 18.51 and a beta of 0.94. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $20.41 and a twelve month high of $25.17. The stock has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $23.76.

Schwab Fundamental U.S. Large Company 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.