Valley National Advisers Inc. Sells 2,151 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Valley National Advisers Inc. reduced its holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 4.1% in the second quarter, HoldingsChannel reports. The firm owned 50,524 shares of the company’s stock after selling 2,151 shares during the period. Valley National Advisers Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boulay Financial Advisors LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 36.1% during the second quarter. Boulay Financial Advisors LLC now owns 8,538,518 shares of the company’s stock valued at $195,005,000 after purchasing an additional 2,266,989 shares in the last quarter. McAdam LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.3% in the second quarter. McAdam LLC now owns 8,268,173 shares of the company’s stock worth $202,901,000 after buying an additional 182,584 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 31.9% in the 1st quarter. Ameriprise Financial Inc. now owns 7,764,205 shares of the company’s stock worth $183,321,000 after acquiring an additional 1,878,599 shares during the last quarter. Steele Capital Management Inc. grew its stake in Schwab Fundamental U.S. Large Company ETF by 1.3% in the 1st quarter. Steele Capital Management Inc. now owns 6,054,706 shares of the company’s stock worth $142,952,000 after acquiring an additional 75,461 shares in the last quarter. Finally, Glassman Wealth Services boosted its position in Schwab Fundamental U.S. Large Company ETF by 0.7% during the first quarter. Glassman Wealth Services now owns 4,546,703 shares of the company’s stock valued at $107,348,000 after purchasing an additional 31,941 shares in the last quarter.

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

FNDX opened at $26.52 on Monday. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.66. The firm has a 50 day moving average of $25.64 and a two-hundred day moving average of $24.31. 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.