Berman McAleer LLC Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Berman McAleer LLC bought 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 SEC. The institutional investor bought 985,332 shares of the company’s stock, valued at approximately $25,914,000. Schwab Fundamental U.S. Large Company ETF makes up approximately 3.6% of Berman McAleer LLC’s portfolio, making the stock its 9th largest holding. Berman McAleer LLC owned 0.12% of Schwab Fundamental U.S. Large Company ETF as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FNDX. Foundations Investment Advisors LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the third quarter worth $209,000. AE Wealth Management LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 9.6% in the 3rd quarter. AE Wealth Management LLC now owns 184,504 shares of the company’s stock worth $4,852,000 after buying an additional 16,127 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 7.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 92,321 shares of the company’s stock worth $2,428,000 after buying an additional 6,238 shares during the period. Truist Financial Corp increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 3.4% in the 3rd quarter. Truist Financial Corp now owns 80,797 shares of the company’s stock worth $2,125,000 after acquiring an additional 2,672 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Schwab Fundamental U.S. Large Company ETF by 5.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,304,132 shares of the company’s stock valued at $34,299,000 after acquiring an additional 62,675 shares during the period.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX opened at $28.38 on Friday. The firm has a market capitalization of $23.45 billion, a P/E ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $28.52. The company’s 50-day simple moving average is $27.59 and its 200 day simple moving average is $26.46.

Schwab Fundamental U.S. Large Company ETF Company 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.