Riverchase Wealth Management LLC Sells 1,292 Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)

Riverchase Wealth Management LLC decreased its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,339 shares of the company’s stock after selling 1,292 shares during the period. Schwab Fundamental U.S. Large Company ETF accounts for 1.5% of Riverchase Wealth Management LLC’s portfolio, making the stock its 12th largest position. Riverchase Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Archvest Wealth Advisors Inc. boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 1.6% in the first quarter. Archvest Wealth Advisors Inc. now owns 29,063 shares of the company’s stock valued at $686,000 after acquiring an additional 455 shares during the last quarter. Litman Gregory Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 3.3% during the first quarter. Litman Gregory Wealth Management LLC now owns 18,775 shares of the company’s stock worth $443,000 after buying an additional 607 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Schwab Fundamental U.S. Large Company ETF during the first quarter worth about $61,000. BIP Wealth LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 5.7% during the first quarter. BIP Wealth LLC now owns 16,156 shares of the company’s stock worth $381,000 after buying an additional 872 shares during the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 20.3% during the first quarter. Boyce & Associates Wealth Consulting Inc. now owns 12,462 shares of the company’s stock worth $294,000 after buying an additional 2,100 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

FNDX traded up $0.03 during midday trading on Friday, reaching $24.82. 183,859 shares of the company were exchanged, compared to its average volume of 2,250,750. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $25.17. The stock has a market capitalization of $18.81 billion, a P/E ratio of 17.86 and a beta of 1.00. The stock’s 50-day simple moving average is $24.15 and its 200 day simple moving average is $23.79.

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.