Schwab Fundamental U.S. Large Company ETF $FNDX Shares Newly Acquired by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. purchased a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 737,435 shares of the company’s stock, valued at approximately $23,207,000. Schwab Fundamental U.S. Large Company ETF accounts for 2.1% of Cabot Wealth Management Inc.’s portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in FNDX. Next Level Wealth Planning LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF during the third quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new stake in Schwab Fundamental U.S. Large Company ETF during the first quarter worth approximately $28,000. Richards Merrill & Peterson Inc. bought a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter worth approximately $40,000. Scarborough Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $54,000. Finally, First Bancorp Inc ME acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the second quarter worth approximately $63,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

FNDX opened at $33.03 on Thursday. The business has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $30.71. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 18.57 and a beta of 0.88. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $25.87 and a 1-year high of $33.38.

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.