Belpointe Asset Management LLC Acquires Shares of 1,268,807 Schwab Fundamental U.S. Large Company ETF $FNDX

Belpointe Asset Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,268,807 shares of the company’s stock, valued at approximately $29,957,000. Schwab Fundamental U.S. Large Company ETF makes up 1.6% of Belpointe Asset Management LLC’s holdings, making the stock its 10th biggest holding. Belpointe Asset Management LLC owned approximately 0.17% of Schwab Fundamental U.S. Large Company ETF as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Woodside Wealth Management LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter worth $25,000. Bridge Generations Wealth Management LLC increased its position in Schwab Fundamental U.S. Large Company ETF by 171.2% in the first quarter. Bridge Generations Wealth Management LLC now owns 1,169 shares of the company’s stock worth $28,000 after purchasing an additional 738 shares during the period. Key Financial Inc raised its holdings in Schwab Fundamental U.S. Large Company ETF by 79.5% during the 1st quarter. Key Financial Inc now owns 1,346 shares of the company’s stock worth $32,000 after purchasing an additional 596 shares during the last quarter. Pinney & Scofield Inc. bought a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth about $33,000. Finally, Dagco Inc. acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at about $33,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of NYSEARCA:FNDX opened at $25.84 on Wednesday. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 17.86 and a beta of 1.00. The company has a 50 day moving average of $25.16 and a 200-day moving average of $24.02. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $26.04.

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.