Envision Financial LLC Reduces Stock Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Envision Financial LLC reduced its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,699 shares of the company’s stock after selling 25,478 shares during the quarter. Schwab Fundamental U.S. Large Company ETF accounts for approximately 8.9% of Envision Financial LLC’s investment portfolio, making the stock its 2nd largest holding. Envision Financial LLC owned approximately 0.07% of Schwab Fundamental U.S. Large Company ETF worth $19,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Diversified Management Inc. lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 19.8% during the second quarter. Diversified Management Inc. now owns 45,475 shares of the company’s stock worth $1,414,000 after buying an additional 7,508 shares during the period. Charles Schwab Trust Co lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 12.1% during the 2nd quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock worth $112,169,000 after purchasing an additional 387,946 shares during the last quarter. KMG Fiduciary Partners LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 0.9% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 71,330 shares of the company’s stock worth $2,218,000 after purchasing an additional 641 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Schwab Fundamental U.S. Large Company ETF by 3.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 174,935 shares of the company’s stock valued at $5,440,000 after purchasing an additional 5,675 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF during the second quarter valued at about $263,000.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA:FNDX opened at $32.41 on Wednesday. The company’s 50-day simple moving average is $31.40 and its 200-day simple moving average is $29.89. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $24.93 and a fifty-two week high of $32.51. The stock has a market capitalization of $27.36 billion, a P/E ratio of 17.86 and a beta of 0.87.

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.