Sheets Smith Wealth Management Raises Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Sheets Smith Wealth Management lifted its position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 219.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,213 shares of the company’s stock after acquiring an additional 28,999 shares during the period. Sheets Smith Wealth Management’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,000,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock worth $333,059,000 after acquiring an additional 313,382 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Schwab Fundamental U.S. Large Company Index ETF by 18.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock valued at $229,383,000 after purchasing an additional 501,854 shares during the last quarter. McAdam LLC increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 6.0% during the 3rd quarter. McAdam LLC now owns 2,916,821 shares of the company’s stock valued at $209,311,000 after purchasing an additional 165,937 shares in the last quarter. Charles Schwab Trust Co raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 201.4% in the fourth quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after buying an additional 1,809,709 shares during the last quarter. Finally, Gemmer Asset Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 213.1% in the fourth quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock worth $58,581,000 after buying an additional 1,683,829 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.9 %

FNDX stock opened at $24.59 on Wednesday. The stock’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $23.69. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.66 and a 12-month high of $25.17. The stock has a market capitalization of $5.63 billion, a PE ratio of 17.79 and a beta of 0.84.

Schwab Fundamental U.S. Large Company Index ETF Profile

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.