American Financial & Tax Strategies Inc. has decreased its holdings in the Schwab Fundamental International Equity ETF (NYSEARCA: FNDF) by 9.8% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, the company now owns 83,045 shares of the ETF after selling 9,027 shares in the last quarter. The Schwab ETF constitutes approximately 1.7% of American Financial’s overall investment portfolio, ranking as its 20th largest holding.
As of the recent filing, the value of American Financial’s investment in the Schwab Fundamental International Equity ETF stood at about $3,323,000. This adjustment comes amid a broader trend where various institutional investors and hedge funds are also reassessing their positions in the ETF.
Institutional Activity in FNDF
Several other firms have made noteworthy changes to their holdings in FNDF. Crewe Advisors LLC purchased a new position in the ETF valued at approximately $26,000 during the second quarter. Similarly, Intelligent Financial Strategies also acquired shares worth around $26,000 in the same period.
Additionally, Mogy Joel R Investment Counsel Inc. invested approximately $33,000 in FNDF, while Salomon & Ludwin LLC increased its stake by 47.6%, now holding 843 shares valued at $34,000 after adding an additional 272 shares in the quarter. Furthermore, ROSS JOHNSON & Associates LLC entered the market with a new stake valued at about $44,000 during the first quarter.
Market Performance of FNDF
The Schwab Fundamental International Equity ETF has shown a slight uptick, trading up 0.3% to open at $44.13 on Monday. The ETF has a market capitalization of $18.29 billion and a price-to-earnings (P/E) ratio of 12.54. Its beta is recorded at 0.86, indicating lower volatility compared to the broader market.
Over the past year, FNDF has experienced a low of $31.92 and a high of $44.16. The ETF’s 50-day simple moving average stands at $42.86, while its 200-day simple moving average is at $40.37.
The Schwab Fundamental International Large Company Index ETF, which was launched on August 15, 2013, primarily invests in large-cap equities and tracks an index of significant firms from developed markets outside the United States. The fund employs a selection and weighting strategy based on fundamental factors and is managed by Charles Schwab.
For those interested in further developments and institutional movements regarding FNDF, resources such as HoldingsChannel.com provide ongoing updates on 13F filings and insider trades for the ETF.
