Steele Capital Management Inc. Makes New Investment in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Steele Capital Management Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,918,393 shares of the company’s stock, valued at approximately $118,825,000. Schwab Fundamental U.S. Large Company Index ETF makes up about 7.7% of Steele Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Steele Capital Management Inc. owned approximately 0.95% of Schwab Fundamental U.S. Large Company Index ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 1.4% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 124,385,451 shares of the company’s stock worth $6,961,854,000 after buying an additional 1,757,011 shares during the period. Alps Advisors Inc. purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth approximately $39,682,000. Planned Solutions Inc. purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth approximately $21,114,000. Pasadena Private Wealth LLC purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth approximately $13,665,000. Finally, Strata Wealth Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 958.3% during the fourth quarter. Strata Wealth Advisors LLC now owns 195,292 shares of the company’s stock worth $12,096,000 after purchasing an additional 176,838 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.4 %

Shares of NYSEARCA FNDX traded up $0.26 during trading on Monday, reaching $65.30. 327,046 shares of the stock were exchanged, compared to its average volume of 519,353. The business’s 50-day moving average price is $65.40 and its 200 day moving average price is $61.71. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $53.32 and a twelve month high of $67.52. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 17.39 and a beta of 0.86.

About Schwab Fundamental U.S. Large Company Index ETF

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.