480,761 Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, HoldingsChannel reports. The firm purchased 480,761 shares of the company’s stock, valued at approximately $11,384,000.

A number of other hedge funds also recently bought and sold shares of the stock. Adirondack Trust Co. lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock worth $27,000 after purchasing an additional 770 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after buying an additional 1,093 shares during the last quarter. WealthShield Partners LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after acquiring an additional 895 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter valued at about $35,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter worth about $36,000.

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

Shares of FNDX opened at $23.73 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $21.25 and a 52-week high of $25.17. The stock has a 50 day moving average price of $24.29 and a 200 day moving average price of $24.13. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00.

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.