Nicholas Hoffman & Company LLC. Increases Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Nicholas Hoffman & Company LLC. lifted its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 5.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 449,824 shares of the company’s stock after buying an additional 24,059 shares during the period. Schwab Fundamental U.S. Large Company ETF accounts for 0.3% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 22nd biggest position. Nicholas Hoffman & Company LLC.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $12,528,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. TradeWell Securities LLC. purchased a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at about $346,153,000. Keybank National Association OH boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% during the fourth quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock valued at $225,618,000 after purchasing an additional 8,266,612 shares in the last quarter. Captrust Financial Advisors increased its holdings in Schwab Fundamental U.S. Large Company ETF by 25.7% during the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock valued at $582,113,000 after buying an additional 4,370,263 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock worth $11,249,790,000 after buying an additional 4,241,879 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 3,064.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock worth $68,805,000 after buying an additional 2,448,747 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.1%

Shares of NYSEARCA FNDX opened at $31.34 on Wednesday. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $24.27 and a 12-month high of $31.56. The stock’s fifty day simple moving average is $30.77 and its two-hundred day simple moving average is $29.18. The stock has a market capitalization of $26.15 billion, a PE ratio of 17.86 and a beta of 0.87.

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.