Schmidt P J Investment Management Inc. Sells 10,594 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Schmidt P J Investment Management Inc. lowered its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 328,186 shares of the company’s stock after selling 10,594 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises approximately 1.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 21st largest holding. Schmidt P J Investment Management Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $7,748,000 at the end of the most recent quarter.

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

Schwab Fundamental U.S. Large Company ETF Stock Up 0.1%

NYSEARCA FNDX opened at $25.84 on Wednesday. The company has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $24.02. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.04. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 17.86 and a beta of 1.00.

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.