Bank of New York Mellon Corp Purchases New Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Bank of New York Mellon Corp purchased a new position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 120,470 shares of the company’s stock, valued at approximately $2,853,000. Bank of New York Mellon Corp owned 0.05% of Schwab Fundamental U.S. Large Company Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. McAdam LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% during the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after purchasing an additional 6,193,223 shares in the last quarter. Steele Capital Management Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock worth $141,589,000 after purchasing an additional 3,993,372 shares during the period. Captrust Financial Advisors increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 7.2% during the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock worth $333,059,000 after acquiring an additional 313,382 shares in the last quarter. Callan Capital LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 205.3% during the fourth quarter. Callan Capital LLC now owns 3,720,737 shares of the company’s stock valued at $88,107,000 after buying an additional 2,502,026 shares during the last quarter. Finally, Charles Schwab Trust Co grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.4% in the 4th quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after acquiring an additional 1,809,709 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 0.2 %

Shares of NYSEARCA FNDX opened at $23.73 on Friday. The company has a market capitalization of $17.40 billion, a PE ratio of 18.62 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $21.25 and a twelve month high of $25.17. The stock’s 50 day moving average price is $24.29 and its 200-day moving average price is $24.13.

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.