Americana Partners LLC Takes Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Americana Partners LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,295 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Midwest Trust Co acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 2nd quarter worth $531,000. HC Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the second quarter valued at about $204,000. Prospera Financial Services Inc increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 9.9% in the second quarter. Prospera Financial Services Inc now owns 114,263 shares of the company’s stock worth $2,804,000 after purchasing an additional 10,291 shares during the period. AE Wealth Management LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 7.0% during the 2nd quarter. AE Wealth Management LLC now owns 168,377 shares of the company’s stock worth $4,132,000 after purchasing an additional 11,004 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 2nd quarter worth about $259,000.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.7%

FNDX opened at $26.87 on Wednesday. The stock’s 50 day moving average price is $26.31 and its two-hundred day moving average price is $25.07. The firm has a market capitalization of $21.28 billion, a P/E ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.97.

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.