Newman Dignan & Sheerar Inc. Makes New Investment in Schwab Fundamental U.S. Large Company ETF $FNDX

Newman Dignan & Sheerar Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the second quarter, Holdings Channel reports. The institutional investor purchased 16,131 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at about $719,000. Millennium Management LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 900.0% during the fourth quarter. Millennium Management LLC now owns 28,880 shares of the company’s stock valued at $684,000 after purchasing an additional 25,992 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $99,000. Capital Asset Advisory Services LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $206,000. Finally, Cathy Pareto & Associates Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 39.3% in the first quarter. Cathy Pareto & Associates Inc. now owns 132,676 shares of the company’s stock worth $3,132,000 after buying an additional 37,454 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.5%

Shares of NYSEARCA FNDX opened at $26.42 on Thursday. The stock has a market capitalization of $20.08 billion, a PE ratio of 17.86 and a beta of 1.00. The stock’s fifty day simple moving average is $25.58 and its two-hundred day simple moving average is $24.26. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $26.51.

About Schwab Fundamental U.S. Large Company 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.