AlphaQ Advisors LLC Increases Stake in Schwab Fundamental International Large Company Index ETF (FNDF)

Investment firm AlphaQ Advisors LLC has recently boosted its ownership stake in the Schwab Fundamental International Large Company Index ETF (NYSEARCA: FNDF), enhancing its share count by 9.4% during the third fiscal quarter. Following this increase, the firm's total holding in the ETF reached 30,504 shares, marking a significant addition of 2,625 shares compared to the previous quarter. The value of AlphaQ Advisors’ investment in the ETF was estimated to be around $966,000 at the close of the reporting period, with FNDF representing approximately 0.8% of its overall portfolio, thus becoming the 27th largest position held by the firm.

FNDF has attracted attention from various other institutional investors and hedge funds. In particular, Wealth Enhancement Advisory Services LLC made a sizable investment in FNDF, increasing its stake by a staggering 16,282.1% during the second quarter. This surge resulted in ownership of 10,627,212 shares, valued at roughly $343,153,000. Following suit, CI Private Wealth LLC initiated an FNDF position in the fourth quarter that was worth about $101,039,000. Moreover, Jane Street Group LLC expanded its holdings by a notable 586.3% in the first quarter, while Charles Schwab Investment Advisory Inc. boosted its ownership by 1.4%. Orion Portfolio Solutions LLC also increased its investment by 88.4% during the second quarter.

Market Performance of FNDF

On the trading front, the Schwab Fundamental International Large Company Index ETF experienced a 1.2% dip during a recent trading session, with the share price landing at $33.30. Although this was a decrease, the ETF's market capitalization stood strong at $10.86 billion, and it maintained a PE ratio of 10.21 with a beta of 0.86. Over the past year, FNDF's share price fluctuated between a low of $29.17 and a high of $33.89, with moving averages over fifty and two hundred days indicating persistent stability.

Understanding FNDF

Launched on August 15, 2013, and managed by Charles Schwab, the Schwab Fundamental International Large Company Index ETF primarily invests in equity shares of large capitalization companies in developed markets outside of the United States. FNDF strategically selects and weights its holdings based on fundamental factors, aiming to provide investors with diversified international exposure.

AlphaQ, Schwab, ETF