First Horizon Advisors Inc. Purchases New Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

First Horizon Advisors Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,312 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 10.7% during the third quarter. Raymond James & Associates now owns 50,874 shares of the company’s stock worth $2,847,000 after acquiring an additional 4,935 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 2.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,301 shares of the company’s stock valued at $398,000 after purchasing an additional 187 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 4.4% in the 3rd quarter. Park Avenue Securities LLC now owns 38,717 shares of the company’s stock valued at $2,167,000 after purchasing an additional 1,614 shares during the last quarter. Strata Wealth Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $1,033,000. Finally, Gradient Investments LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 2,886.7% during the third quarter. Gradient Investments LLC now owns 448 shares of the company’s stock worth $25,000 after buying an additional 433 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

Shares of NYSEARCA FNDX opened at $65.81 on Wednesday. The company’s 50 day simple moving average is $65.53 and its 200 day simple moving average is $62.16. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $53.32 and a fifty-two week high of $67.52. The firm has a market capitalization of $15.07 billion, a P/E ratio of 17.79 and a beta of 0.84.

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.