Belpointe Asset Management LLC Increases Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Belpointe Asset Management LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,345,095 shares of the company’s stock after buying an additional 40,963 shares during the period. Schwab Fundamental U.S. Large Company ETF makes up about 1.3% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Belpointe Asset Management LLC owned 0.16% of Schwab Fundamental U.S. Large Company ETF worth $36,600,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Fortis Capital Advisors LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 3.1% in the fourth quarter. Fortis Capital Advisors LLC now owns 1,345,095 shares of the company’s stock valued at $36,600,000 after buying an additional 40,963 shares during the period. Stillwater Wealth Management Group purchased a new position in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at approximately $2,693,000. Phillips Financial Management LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 4.1% in the fourth quarter. Phillips Financial Management LLC now owns 39,649 shares of the company’s stock valued at $1,079,000 after buying an additional 1,554 shares during the period. Lakewood Asset Management LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 4.0% in the fourth quarter. Lakewood Asset Management LLC now owns 353,870 shares of the company’s stock valued at $9,629,000 after buying an additional 13,467 shares during the period. Finally, Nabity Jensen Investment Management Inc raised its holdings in Schwab Fundamental U.S. Large Company ETF by 62.9% in the fourth quarter. Nabity Jensen Investment Management Inc now owns 58,685 shares of the company’s stock valued at $1,597,000 after buying an additional 22,660 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA FNDX opened at $29.42 on Monday. Schwab Fundamental U.S. Large Company ETF has a one year low of $21.35 and a one year high of $29.52. The company’s 50 day moving average price is $28.47 and its 200 day moving average price is $27.64. The firm has a market capitalization of $25.23 billion, a price-to-earnings 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.