Brown Advisory Inc. Boosts Stock Position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)

Brown Advisory Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 197.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,615 shares of the company’s stock after acquiring an additional 22,332 shares during the period. Brown Advisory Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $794,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter worth $47,000. Dynamic Advisor Solutions LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter valued at $431,000. QRG Capital Management Inc. boosted its stake in Schwab Fundamental U.S. Large Company ETF by 29.5% during the first quarter. QRG Capital Management Inc. now owns 27,266 shares of the company’s stock valued at $644,000 after buying an additional 6,214 shares during the period. Janney Montgomery Scott LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 36.0% during the first quarter. Janney Montgomery Scott LLC now owns 28,991 shares of the company’s stock valued at $684,000 after buying an additional 7,679 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 90.3% during the first quarter. Farther Finance Advisors LLC now owns 15,302 shares of the company’s stock valued at $361,000 after buying an additional 7,260 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA:FNDX opened at $24.90 on Tuesday. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 17.86 and a beta of 1.00. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $25.17. The stock has a fifty day moving average of $24.01 and a 200 day moving average of $23.76.

About Schwab Fundamental U.S. Large Company 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.