Channel Wealth LLC Has $733,000 Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Channel Wealth LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 200.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,942 shares of the company’s stock after purchasing an additional 20,629 shares during the period. Channel Wealth LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Destination Wealth Management bought a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter worth $209,000. Stifel Financial Corp grew its position in Schwab Fundamental U.S. Large Company Index ETF by 38.1% in the 3rd quarter. Stifel Financial Corp now owns 10,269 shares of the company’s stock worth $737,000 after purchasing an additional 2,834 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 2.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 91,770 shares of the company’s stock valued at $6,585,000 after buying an additional 2,490 shares during the last quarter. Synovus Financial Corp increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 92.6% in the 3rd quarter. Synovus Financial Corp now owns 118,654 shares of the company’s stock valued at $8,514,000 after buying an additional 57,059 shares during the last quarter. Finally, Lakewood Asset Management LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 198.0% during the 4th quarter. Lakewood Asset Management LLC now owns 366,481 shares of the company’s stock worth $8,678,000 after buying an additional 243,482 shares in the last quarter.

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

FNDX stock opened at $24.17 on Friday. The business has a 50 day moving average of $24.30 and a 200-day moving average of $23.64. The firm has a market cap of $5.53 billion, a PE ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.21 and a 12-month high of $25.17.

About Schwab Fundamental U.S. Large Company Index ETF

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.