Lee Financial Co Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Lee Financial Co purchased a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,198,333 shares of the company’s stock, valued at approximately $69,182,000. Schwab Fundamental U.S. Large Company ETF makes up about 8.7% of Lee Financial Co’s portfolio, making the stock its 3rd biggest holding. Lee Financial Co owned approximately 0.25% of Schwab Fundamental U.S. Large Company ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Align Financial LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at $71,000. Eagle Strategies LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.2% in the third quarter. Eagle Strategies LLC now owns 1,855,004 shares of the company’s stock valued at $58,377,000 after purchasing an additional 40,708 shares during the period. Prairiewood Capital LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.3% in the third quarter. Prairiewood Capital LLC now owns 2,018,681 shares of the company’s stock valued at $63,528,000 after purchasing an additional 44,944 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the third quarter worth about $70,000. Finally, Twin Cities Retirement Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the third quarter worth about $424,000.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.2%

FNDX stock opened at $32.52 on Friday. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $25.87 and a 52 week high of $32.85. The firm has a 50-day simple moving average of $32.28 and a 200-day simple moving average of $31.15. The stock has a market capitalization of $28.15 billion, a P/E ratio of 17.86 and a beta of 0.88.

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.