Sheets Smith Wealth Management grew its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) by 25.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,154 shares of the company’s stock after purchasing an additional 10,941 shares during the quarter. Sheets Smith Wealth Management’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $1,255,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IAG Wealth Partners LLC raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 200.0% during the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the period. WealthShield Partners LLC grew its position in Schwab Fundamental U.S. Large Company ETF by 201.1% in the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock valued at $32,000 after acquiring an additional 895 shares in the last quarter. Oarsman Capital Inc. acquired a new stake in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at approximately $32,000. Pinney & Scofield Inc. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at approximately $33,000. Finally, Tidemark LLC lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 201.8% during the fourth quarter. Tidemark LLC now owns 1,799 shares of the company’s stock worth $43,000 after purchasing an additional 1,203 shares in the last quarter.
Schwab Fundamental U.S. Large Company ETF Trading Up 0.7%
Shares of FNDX stock opened at $24.18 on Tuesday. The firm has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $23.70. The company has a market capitalization of $18.22 billion, a PE ratio of 18.51 and a beta of 0.94. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $20.41 and a twelve month high of $25.17.
About Schwab Fundamental U.S. Large Company ETF
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.
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