Richardson Capital Management LLC Buys New Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Richardson Capital Management LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,050,606 shares of the company’s stock, valued at approximately $33,063,000. Schwab Fundamental U.S. Large Company ETF accounts for approximately 14.4% of Richardson Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Richardson Capital Management LLC owned 0.12% of Schwab Fundamental U.S. Large Company ETF as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Keybank National Association OH boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 50.2% during the first quarter. Keybank National Association OH now owns 12,454,472 shares of the company’s stock worth $346,857,000 after buying an additional 4,162,731 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at $86,453,000. Lee Financial Co purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at $69,182,000. True North Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth about $57,756,000. Finally, First Community Trust NA acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter worth about $31,637,000.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.6%

FNDX opened at $32.60 on Friday. The stock’s 50-day moving average price is $32.29 and its 200 day moving average price is $31.32. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $25.87 and a 12-month high of $32.85. The firm has a market cap of $28.25 billion, a price-to-earnings 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.