Park Avenue Securities LLC Increases Its Holdings in Schwab Fundamental International Large Company Index ETF

Park Avenue Securities LLC has boosted its investment in the Schwab Fundamental International Large Company Index ETF (NYSEARCA: FNDF), lifting its shareholdings by 7.4% during the third quarter according to recent reports. The acquisition of additional 956 shares raised the total shares held by the investor to 13,838, reflecting an ongoing confidence in the ETF's performance. The value of these investments was recorded at $438,000 at the time of the most recent SEC filing.

Investment Activities by Others

Investors varied their involvement with FNDF, with BlackRock Inc. increasing its stake by 6.0% and Equitable Holdings Inc. upping its holdings by 10.0%. Additionally, new positions were established by Laurel Wealth Advisors Inc. and Flow Traders U.S. LLC, while Mariner LLC upped its investment significantly as well. These shifts among institutional investors highlight FNDF’s relevance in the current investment landscape.

FNDF Market Performance

The ETF's market performance showed a slight decline with the stock opening at $32.59 on Thursday, presenting a marginal drop of 1.1%. It has experienced a 52-week low and high of $29.17 and $33.89 respectively, with a market capitalization standing at $10.63 billion. The ETF’s price-to-earnings ratio held at 10.21, and it portrayed a beta of 0.86. A quick look at moving averages revealed a 50-day simple moving average at $32.96 and a 200-day simple moving average at $32.36.

About FNDF ETF

The Schwab Fundamental International Large Company Index ETF predominantly invests in large capitalization equities from developed international markets outside the US. The ETF focuses its selections and weightings based on fundamental factors. Since its inception on August 15, 2013, Charles Schwab has managed FNDF.

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