Janney Montgomery Scott LLC Increases Stake in Schwab Fundamental International Large Company Index ETF

On January 30, 2025, it was reported that Janney Montgomery Scott LLC has increased its investment in the Schwab Fundamental International Large Company Index ETF (NYSEARCA:FNDF). During the fourth quarter of 2024, the firm acquired an additional 661 shares, bringing its total holdings to 137,572 shares. This investment was valued at approximately $4,569,000, according to Janney Montgomery Scott LLC's most recent filing with the Securities & Exchange Commission (SEC).

In recent months, other institutional investors have also made adjustments to their positions in FNDF. For instance, Charles Schwab Investment Management Inc. raised its stake in FNDF by 1.1% during the third quarter, now owning 137,956,031 shares worth about $5.15 billion after acquiring 1,541,583 additional shares. Wealth Enhancement Advisory Services LLC also increased its stake by 5.2%, owning 16,654,462 shares valued at $622 million after adding 830,713 shares.

Additionally, Hardy Reed LLC made a significant increase of 647.7% to its holdings during the same period, owning 843,127 shares valued at around $31.5 million. Similarly, Captrust Financial Advisors boosted its stake by 139.5%, owning 402,764 shares worth about $15 million, and Keudell Morrison Wealth Management increased its position by 57.0%, totaling 597,263 shares valued at $22.3 million.

Market Performance of FNDF

On the trading day, FNDF opened at $34.44. The ETF has experienced a 12-month low of $32.65 and a high of $37.85, with a total market capitalization of approximately $12.58 billion. The price-to-earnings ratio stands at 11.12, indicating its current market valuation relative to earnings. The fund's beta is at 0.78, suggesting lower volatility compared to the market. Its recent moving averages are recorded at $34.11 for the 50-day and $35.35 for the 200-day periods.

Overview of Schwab Fundamental International Large Company Index ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is designed to invest primarily in large-cap equities from developed markets outside of the United States. Launched on August 15, 2013, the fund is managed by Charles Schwab and utilizes fundamental factors for selecting and weighting its investments.

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