Valley National Advisers Inc. Has $1.30 Million Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Valley National Advisers Inc. increased its stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 189.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,966 shares of the company’s stock after purchasing an additional 35,952 shares during the period. Valley National Advisers Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McAdam LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% in 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. Charles Schwab Trust Co raised its position in 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 valued at $64,132,000 after buying an additional 1,809,709 shares during the last quarter. Gemmer Asset Management LLC lifted its stake in Schwab Fundamental U.S. Large Company Index ETF by 213.1% in the 4th quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock valued at $58,581,000 after acquiring an additional 1,683,829 shares in the last quarter. Reston Wealth Management LLC boosted its position in Schwab Fundamental U.S. Large Company Index ETF by 209.5% during the 4th quarter. Reston Wealth Management LLC now owns 2,086,496 shares of the company’s stock worth $49,408,000 after acquiring an additional 1,412,414 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $93,978,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 0.7 %

NYSEARCA FNDX opened at $24.63 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.72 and a 12-month high of $25.17. The firm’s 50 day moving average is $24.31 and its 200-day moving average is $23.81. The company has a market capitalization of $5.64 billion, a PE ratio of 17.79 and a beta of 0.84.

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.