MAI Capital Management Buys 72,007 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

MAI Capital Management boosted its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 18.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 458,078 shares of the company’s stock after buying an additional 72,007 shares during the quarter. MAI Capital Management owned approximately 0.06% of Schwab Fundamental U.S. Large Company ETF worth $12,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FNDX. Revolve Wealth Partners LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at about $719,000. AQR Capital Management LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth about $739,000. Jane Street Group LLC increased its stake in Schwab Fundamental U.S. Large Company ETF by 39.9% in the 1st quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock valued at $2,090,000 after buying an additional 25,267 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 2nd quarter worth approximately $216,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 67.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock worth $156,910,000 after buying an additional 2,585,828 shares during the last quarter.

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

FNDX stock opened at $29.02 on Thursday. The firm has a market cap of $24.05 billion, a PE ratio of 17.86 and a beta of 0.93. The business has a 50 day moving average of $28.22 and a 200-day moving average of $26.99. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $29.37.

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.