Bank of New York Mellon Corp Buys 101,050 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Bank of New York Mellon Corp increased its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,629,717 shares of the company’s stock after purchasing an additional 101,050 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Schwab Fundamental U.S. Large Company ETF worth $73,238,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at about $719,000. AQR Capital Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter worth about $739,000. Jane Street Group LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% during the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after buying an additional 25,267 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% during the second quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock worth $661,000 after buying an additional 645 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Schwab Fundamental U.S. Large Company ETF by 6,798.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock valued at $418,000 after buying an additional 16,792 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA FNDX opened at $31.61 on Thursday. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The stock’s 50 day moving average price is $31.06 and its two-hundred day moving average price is $29.50. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $24.27 and a 52 week high of $31.78.

Schwab Fundamental U.S. Large Company ETF Company 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.