Alpha Omega Wealth Management Increases Stake in Schwab Fundamental International Large Company Index ETF

Alpha Omega Wealth Management LLC has recently expanded its investment in the Schwab Fundamental International Large Company Index ETF (FNDF), raising its shareholdings by 20.8% during the third quarter, as revealed by the latest Form 13F filing with the Securities and Exchange Commission. The firm's total stake in the ETF now comprises 150,605 shares after the acquisition of an additional 25,958 shares in this period.

The Schwab Fundamental International Large Company Index ETF represents 0.8% of Alpha Omega Wealth Management's total portfolio, making it the 28th largest holding. The value of these holdings was reported to be approximately $4.77 million at the close of the most recent quarter.

Other Investors Adjusting Positions

Alpha Omega is not the only institutional investor making moves with FNDF. Wealth Enhancement Advisory Services LLC notably increased its holdings by 16,282.1% in the second quarter, while CI Private Wealth LLC opened a new position worth around $101 million in the fourth quarter. Jane Street Group LLC and Charles Schwab Investment Advisory Inc. also significantly increased their stakes, with the latter being the most substantial shareholder, now owning 115,849,539 shares valued at over $3.7 billion.

In addition, Orion Portfolio Solutions LLC saw an 88.4% increase in their own shares of FNDF during the second quarter, advancing their investment to over $98 million.

FNDF Performance and Details

The Schwab Fundamental International Large Company Index ETF, trading under the ticker FNDF, experienced a modest increase, trading up $0.07, with a recent value of $32.84 per share. The ETF has a market cap standing at $10.71 billion, featuring a PE ratio of 10.21, and a beta of 0.86. FNDF has demonstrated a stable performance with a 50-day moving average of $31.93 and a 200-day moving average of $32.17.

Launched on August 15, 2013, and managed by Charles Schwab, the FNDF ETF is focused on large cap equity investments from developed markets outside of the United States. The fund applies fundamental factor-based selection and weighting criteria for its portfolio construction.

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