IFC & Insurance Marketing Inc. Invests $7.37 Million in Schwab Fundamental U.S. Large Company ETF $FNDX

IFC & Insurance Marketing Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 264,710 shares of the company’s stock, valued at approximately $7,372,000. Schwab Fundamental U.S. Large Company ETF accounts for approximately 7.7% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blueprint Investment Partners LLC raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 28.4% during the third quarter. Blueprint Investment Partners LLC now owns 194,577 shares of the company’s stock worth $5,117,000 after purchasing an additional 43,090 shares during the last quarter. Burk Holdings LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the third quarter valued at $489,000. AlphaCore Capital LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 5.9% in the third quarter. AlphaCore Capital LLC now owns 3,596,691 shares of the company’s stock valued at $94,593,000 after purchasing an additional 200,122 shares during the last quarter. Capital Advantage Inc. grew its position in Schwab Fundamental U.S. Large Company ETF by 48.2% during the 4th quarter. Capital Advantage Inc. now owns 149,125 shares of the company’s stock worth $4,058,000 after purchasing an additional 48,529 shares during the period. Finally, Blair William & Co. IL grew its position in Schwab Fundamental U.S. Large Company ETF by 164.8% during the 3rd quarter. Blair William & Co. IL now owns 74,293 shares of the company’s stock worth $1,954,000 after purchasing an additional 46,236 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA FNDX opened at $31.11 on Tuesday. The firm has a market capitalization of $26.79 billion, a P/E ratio of 17.86 and a beta of 0.87. The stock has a 50-day simple moving average of $30.35 and a two-hundred day simple moving average of $28.88. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $23.89 and a fifty-two week high of $31.56.

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.