Grimes & Company Inc. Boosts Stock Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Grimes & Company Inc. increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 198.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,803 shares of the company’s stock after buying an additional 5,850 shares during the period. Grimes & Company Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FNDX. Bank of Montreal Can raised its position in Schwab Fundamental U.S. Large Company Index ETF by 6.0% in the second quarter. Bank of Montreal Can now owns 13,097 shares of the company’s stock valued at $882,000 after purchasing an additional 739 shares during the period. Creative Planning raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.7% during the 2nd quarter. Creative Planning now owns 432,746 shares of the company’s stock worth $28,985,000 after acquiring an additional 11,397 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 2nd quarter worth about $914,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 4.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 421,374 shares of the company’s stock valued at $28,224,000 after buying an additional 17,478 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 26,169 shares of the company’s stock valued at $1,753,000 after purchasing an additional 2,187 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

FNDX stock opened at $24.68 on Monday. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $20.72 and a 12 month high of $25.17. The company has a fifty day moving average price of $24.29 and a 200 day moving average price of $23.75.

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.