NBC Securities Inc. Increases Stake in Schwab Fundamental International Large Company Index ETF
NBC Securities Inc. has raised its investment in the Schwab Fundamental International Large Company Index ETF (NYSEARCA:FNDF) by 2.7% during the third quarter of this year. This information was reported in their most recent Form 13F filing submitted to the Securities and Exchange Commission (SEC). Following this increase, NBC Securities now holds 21,937 shares of FNDF after adding an additional 583 shares.
As per the latest SEC filing, NBC Securities Inc.'s total investment in the ETF is valued at approximately $819,000. The increase in holdings reflects a growing confidence in this particular investment, as the company navigates market uncertainties.
Other financial institutions and hedge funds have also adjusted their positions in FNDF. For instance, Red Mountain Financial LLC increased its stake by 5.3% during the same period, owning a total of 6,154 shares valued at $230,000 after acquiring 312 additional shares.
Kiley Juergens Wealth Management LLC also raised its holdings in FNDF by 2.7%, now owning 12,031 shares worth $421,000 after purchasing 315 more shares in the last quarter. Likewise, Aptus Capital Advisors LLC increased its stake by 0.6%, holding 53,499 shares valued at $1,874,000 following a similar acquisition of 315 shares.
Furthermore, Versant Capital Management Inc. reported a 2.3% increase in its stake, bringing its total to 14,149 shares worth $496,000, while Coldstream Capital Management Inc. boosted its holdings by 1.6%, now owning 22,735 shares valued at $796,000 after acquiring an additional 362 shares.
Performance of Schwab Fundamental International Large Company Index ETF
The Schwab Fundamental International Large Company Index ETF has shown a modest increase in its stock price, opening at $36.49 on Thursday. The ETF has a 50-day moving average pricing of $36.41 and a 200-day moving average of $35.83. The market capitalization of FNDF is approximately $13.33 billion, carrying a price-to-earnings (P/E) ratio of 11.12 and a beta of 0.78. Over the past year, shares have fluctuated between a low of $30.16 and a high of $37.85.
Overview of Schwab Fundamental International Large Company Index ETF
This ETF primarily invests in large-cap equity and aims to track the performance of large firms located in developed markets outside of the United States. The fund employs a unique strategy that focuses on fundamental factors to select and weight its investments. FNDF was launched on August 15, 2013, and is managed by Charles Schwab, a prominent name in the financial services industry.
Additional Information
Investors and observers may find it useful to monitor further developments involving the Schwab Fundamental International Large Company Index ETF. Relevant considerations such as market trends, changes in holdings by major investors, and economic factors may impact its ongoing performance.
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