Clear Point Advisors Inc. Sells 20,509 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Clear Point Advisors Inc. decreased its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 34.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,649 shares of the company’s stock after selling 20,509 shares during the period. Clear Point Advisors Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $973,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. McAdam LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 2.3% in the second quarter. McAdam LLC now owns 8,268,173 shares of the company’s stock worth $202,901,000 after acquiring an additional 182,584 shares during the period. Ameriprise Financial Inc. raised its position in Schwab Fundamental U.S. Large Company ETF by 31.9% in the first quarter. Ameriprise Financial Inc. now owns 7,764,205 shares of the company’s stock worth $183,321,000 after acquiring an additional 1,878,599 shares during the period. Boulay Financial Advisors LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF in the first quarter worth about $140,067,000. Steele Capital Management Inc. raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.3% in the first quarter. Steele Capital Management Inc. now owns 6,054,706 shares of the company’s stock valued at $142,952,000 after purchasing an additional 75,461 shares during the period. Finally, Glassman Wealth Services raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 0.7% in the first quarter. Glassman Wealth Services now owns 4,546,703 shares of the company’s stock valued at $107,348,000 after purchasing an additional 31,941 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.8%

NYSEARCA FNDX opened at $26.31 on Friday. The company’s 50 day moving average is $25.50 and its 200-day moving average is $24.21. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.51. The firm has a market cap of $19.99 billion, a P/E ratio of 17.86 and a beta of 1.00.

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.