Lakewood Asset Management LLC Grows Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Lakewood Asset Management LLC raised its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 335,309 shares of the company’s stock after buying an additional 13,772 shares during the period. Schwab Fundamental U.S. Large Company ETF comprises approximately 5.5% of Lakewood Asset Management LLC’s holdings, making the stock its 2nd largest position. Lakewood Asset Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $8,228,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at $47,000. Dynamic Advisor Solutions LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at $431,000. QRG Capital Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 29.5% during the 1st 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 last quarter. Janney Montgomery Scott LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 36.0% during the 1st 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 last quarter. Finally, Farther Finance Advisors LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 90.3% during the 1st 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 last quarter.

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

Shares of FNDX opened at $26.31 on Friday. The firm has a market cap of $19.99 billion, a PE ratio of 17.86 and a beta of 1.00. The firm has a fifty day simple moving average of $25.50 and a two-hundred day simple moving average of $24.21. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $26.51.

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.