Access Financial Services Inc. Reduces Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

Access Financial Services Inc. trimmed its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,924 shares of the company’s stock after selling 11,634 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises 4.3% of Access Financial Services Inc.’s holdings, making the stock its 6th biggest position. Access Financial Services Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $11,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNDX. Revolve Wealth Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth about $719,000. Millennium Management LLC grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 900.0% in the 4th quarter. Millennium Management LLC now owns 28,880 shares of the company’s stock worth $684,000 after purchasing an additional 25,992 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth approximately $99,000. Capital Asset Advisory Services LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth approximately $206,000. Finally, Cathy Pareto & Associates Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company ETF by 39.3% in the 1st quarter. Cathy Pareto & Associates Inc. now owns 132,676 shares of the company’s stock worth $3,132,000 after purchasing an additional 37,454 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of FNDX opened at $26.42 on Thursday. The firm’s 50 day moving average is $25.58 and its 200-day moving average is $24.26. The stock has a market capitalization of $20.08 billion, a P/E ratio of 17.86 and a beta of 1.00. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.51.

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.