Belpointe Asset Management LLC Cuts Stock Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

Belpointe Asset Management LLC lowered its position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,241,457 shares of the company’s stock after selling 27,350 shares during the period. Schwab Fundamental U.S. Large Company ETF makes up approximately 1.3% of Belpointe Asset Management LLC’s portfolio, making the stock its 14th largest position. Belpointe Asset Management LLC owned approximately 0.16% of Schwab Fundamental U.S. Large Company ETF worth $30,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Woodside Wealth Management LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth $25,000. Bridge Generations Wealth Management LLC boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 171.2% during the first quarter. Bridge Generations Wealth Management LLC now owns 1,169 shares of the company’s stock valued at $28,000 after buying an additional 738 shares during the last quarter. Key Financial Inc increased its holdings in Schwab Fundamental U.S. Large Company ETF by 79.5% in the 1st quarter. Key Financial Inc now owns 1,346 shares of the company’s stock worth $32,000 after buying an additional 596 shares in the last quarter. Dagco Inc. purchased a new position in Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth about $33,000. Finally, JFS Wealth Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at about $44,000.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.3%

Shares of FNDX stock opened at $26.52 on Monday. The company has a 50 day moving average price of $25.64 and a 200-day moving average price of $24.31. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $20.41 and a 52 week high of $26.66. The firm has a market capitalization of $20.63 billion, a PE ratio of 17.86 and a beta of 1.00.

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.