Cidel Asset Management Inc. Lowers Stock Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

Cidel Asset Management Inc. lessened its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,293 shares of the company’s stock after selling 49,456 shares during the period. Cidel Asset Management Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $4,768,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Schwab Fundamental U.S. Large Company ETF by 3.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock valued at $9,871,112,000 after buying an additional 12,903,364 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 24,845.4% in the second quarter. AlphaCore Capital LLC now owns 3,396,569 shares of the company’s stock valued at $83,352,000 after acquiring an additional 3,382,953 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 67.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock worth $156,910,000 after acquiring an additional 2,585,828 shares during the period. Berman McAleer LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter worth about $25,914,000. Finally, Corient Private Wealth LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 93.6% during the second quarter. Corient Private Wealth LLC now owns 1,819,924 shares of the company’s stock worth $44,661,000 after purchasing an additional 879,651 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.5%

NYSEARCA FNDX opened at $28.92 on Friday. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The business’s 50 day moving average is $27.95 and its two-hundred day moving average is $26.75. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $29.37.

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.