6,429,828 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX Purchased by Steele Capital Management Inc.

Steele Capital Management Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,429,828 shares of the company’s stock, valued at approximately $202,347,000. Schwab Fundamental U.S. Large Company ETF comprises 7.5% of Steele Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Steele Capital Management Inc. owned about 0.74% of Schwab Fundamental U.S. Large Company ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Advantage Inc. grew its position in Schwab Fundamental U.S. Large Company ETF by 19.6% during the 2nd quarter. Capital Advantage Inc. now owns 214,467 shares of the company’s stock worth $6,670,000 after purchasing an additional 35,081 shares during the last quarter. InTrack Investment Management Inc increased its stake in Schwab Fundamental U.S. Large Company ETF by 321.1% during the 2nd quarter. InTrack Investment Management Inc now owns 61,589 shares of the company’s stock valued at $1,915,000 after purchasing an additional 46,962 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at approximately $3,013,000. Wealthspire Retirement LLC raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 22.5% in the first quarter. Wealthspire Retirement LLC now owns 954,774 shares of the company’s stock worth $26,590,000 after buying an additional 175,175 shares during the last quarter. Finally, Stillwater Wealth Management Group raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 17.1% in the third quarter. Stillwater Wealth Management Group now owns 275,654 shares of the company’s stock worth $8,675,000 after buying an additional 40,321 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Down 2.9%

NYSEARCA FNDX opened at $32.24 on Friday. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $25.87 and a 12-month high of $33.38. The company has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $30.62. The stock has a market cap of $28.06 billion, a P/E 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.