Royal Bank of Canada Sells 60,223 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Royal Bank of Canada lessened its holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 8.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 693,270 shares of the company’s stock after selling 60,223 shares during the period. Royal Bank of Canada’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $19,308,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FNDX. Quantinno Capital Management LP increased its stake in Schwab Fundamental U.S. Large Company ETF by 59.6% in the 1st quarter. Quantinno Capital Management LP now owns 672,060 shares of the company’s stock worth $18,717,000 after acquiring an additional 250,939 shares during the last quarter. Everest Financial Group LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter valued at about $538,000. Waverly Advisors LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 17.3% during the first quarter. Waverly Advisors LLC now owns 60,896 shares of the company’s stock worth $1,696,000 after purchasing an additional 8,974 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $3,038,000. Finally, Compound Planning Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $358,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of FNDX opened at $32.18 on Friday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $24.62 and a 1-year high of $32.47. The company has a market capitalization of $27.16 billion, a P/E ratio of 17.86 and a beta of 0.87. The firm’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $29.80.

Schwab Fundamental U.S. Large Company ETF Company 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.