Lakewood Asset Management LLC Buys 243,482 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Lakewood Asset Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 198.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 366,481 shares of the company’s stock after purchasing an additional 243,482 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF comprises 6.0% of Lakewood Asset Management LLC’s portfolio, making the stock its 3rd largest position. Lakewood Asset Management LLC owned approximately 0.16% of Schwab Fundamental U.S. Large Company Index ETF worth $8,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FNDX. Destination Wealth Management acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at $209,000. Stifel Financial Corp increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 38.1% during the 3rd quarter. Stifel Financial Corp now owns 10,269 shares of the company’s stock valued at $737,000 after purchasing an additional 2,834 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 91,770 shares of the company’s stock valued at $6,585,000 after purchasing an additional 2,490 shares during the period. Synovus Financial Corp increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 92.6% during the 3rd quarter. Synovus Financial Corp now owns 118,654 shares of the company’s stock valued at $8,514,000 after purchasing an additional 57,059 shares during the period. Finally, Envision Financial LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter valued at $13,122,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 1.5 %

FNDX opened at $24.14 on Thursday. The firm has a market cap of $5.53 billion, a PE ratio of 17.79 and a beta of 0.84. The business has a fifty day simple moving average of $24.31 and a 200-day simple moving average of $23.64. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $20.21 and a fifty-two week high of $25.17.

Schwab Fundamental U.S. Large Company Index 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.