Fortis Capital Advisors LLC Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Fortis Capital Advisors LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,268,807 shares of the company’s stock, valued at approximately $29,957,000. Schwab Fundamental U.S. Large Company ETF comprises approximately 6.1% of Fortis Capital Advisors LLC’s holdings, making the stock its 2nd largest position. Fortis Capital Advisors LLC owned 0.17% of Schwab Fundamental U.S. Large Company ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at $719,000. Northern Trust Corp lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2,442.1% during the fourth quarter. Northern Trust Corp now owns 152,553 shares of the company’s stock worth $3,612,000 after purchasing an additional 146,552 shares during the period. Comerica Bank lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 116.4% during the fourth quarter. Comerica Bank now owns 10,820 shares of the company’s stock worth $256,000 after purchasing an additional 5,820 shares during the period. Jane Street Group LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 1,896.1% in the 4th quarter. Jane Street Group LLC now owns 63,256 shares of the company’s stock worth $1,498,000 after buying an additional 60,087 shares during the period. Finally, Bank of America Corp DE raised its position in Schwab Fundamental U.S. Large Company ETF by 168.2% during the 4th quarter. Bank of America Corp DE now owns 2,826,216 shares of the company’s stock worth $66,925,000 after buying an additional 1,772,515 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX opened at $25.84 on Wednesday. The company’s fifty day moving average price is $25.16 and its 200-day moving average price is $24.02. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $26.04. The firm has a market capitalization of $19.64 billion, a P/E ratio of 17.86 and a beta of 1.00.

Schwab Fundamental U.S. Large Company ETF Company 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.