Avior Wealth Management LLC Increases Its Investment in Schwab Fundamental International Large Company Index ETF

Avior Wealth Management LLC has significantly increased its investment in the Schwab Fundamental International Large Company Index ETF, denoted by the ticker NYSEARCA:FNDF. In its most recent report submitted to the Securities and Exchange Commission (SEC), the firm revealed a staggering 562.4% increase in its holdings during the fourth quarter. Following this increase, Avior Wealth Management now holds a total of 1,656 shares after acquiring an additional 1,406 shares during the quarter. As of the latest filing, these holdings are valued at approximately $55,000.

In addition to Avior’s investment, several other institutional investors have also made moves regarding FNDF shares. For instance, Charles Schwab Investment Management Inc. has raised its stake in the ETF by 1.1% during the third quarter. The firm now holds 137,956,031 shares, which are valued at around $5.15 billion, after purchasing an additional 1,541,583 shares in the last quarter.

Wealth Enhancement Advisory Services LLC also increased its position by 5.2% in the same quarter, bringing its total shares to 16,654,462, valued at approximately $622 million after acquiring an additional 830,713 shares. Another significant investor, Hardy Reed LLC, increased its stake by an impressive 647.7%, owning 843,127 shares valued at $31.5 million after a purchase of an additional 730,361 shares.

Captrust Financial Advisors grew its holdings by 139.5% during the third quarter, now owning 402,764 shares worth about $15 million following an additional 234,567 shares acquisition. Finally, Keudell Morrison Wealth Management also boosted its investment by 57%, owning 597,263 shares valued at $22.3 million after acquiring 216,727 additional shares.

Performance of Schwab Fundamental International Large Company Index ETF

The Schwab Fundamental International Large Company Index ETF stock opened at $34.44 recently. Over the past year, the stock has seen a low of $32.65 and a high of $37.85. With a market capitalization of $12.58 billion, the ETF currently has a price-to-earnings (P/E) ratio of 11.12 and a beta of 0.78, indicating lower volatility compared to the market. Additionally, the ETF's 50-day simple moving average stands at $34.11, while the 200-day simple moving average is at $35.35.

Overview of Schwab Fundamental International Large Company Index ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is designed to primarily invest in large cap stocks. It tracks an index of significant firms from developed markets outside the United States. The methodology used for selection and weighting is based on fundamental factors. FNDF was introduced on August 15, 2013, and is managed by Charles Schwab.

Investment, ETF, Finance