Valley National Advisers Inc. Acquires New Shares in Schwab Fundamental U.S. Large Company ETF $FNDX

Valley National Advisers Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,794 shares of the company’s stock, valued at approximately $1,441,000.

A number of other hedge funds also recently made changes to their positions in the business. Ascentis Independent Advisors bought a new position in Schwab Fundamental U.S. Large Company ETF in the first quarter valued at approximately $28,000. Valued Wealth Advisors LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter worth $30,000. Richards Merrill & Peterson Inc. bought a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter worth $40,000. Signature Resources Capital Management LLC lifted its stake in Schwab Fundamental U.S. Large Company ETF by 161.1% during the first quarter. Signature Resources Capital Management LLC now owns 1,316 shares of the company’s stock worth $37,000 after purchasing an additional 812 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at $54,000.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX stock opened at $32.60 on Monday. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $25.87 and a fifty-two week high of $32.85. The stock’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $31.35. The company has a market cap of $28.27 billion, a PE ratio of 17.86 and a beta of 0.88.

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.