EQ Wealth Advisors LLC Has $5 Million Holdings in Schwab Fundamental U.S. Large Company ETF $FNDX

EQ Wealth Advisors LLC grew its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 511.3% in the 2nd quarter, Holdings Channel reports. The firm owned 203,669 shares of the company’s stock after purchasing an additional 170,352 shares during the period. Schwab Fundamental U.S. Large Company ETF makes up about 3.4% of EQ Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position. EQ Wealth Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Sterling Financial Planning Inc. raised its holdings in Schwab Fundamental U.S. Large Company ETF by 6.3% in the 2nd quarter. Sterling Financial Planning Inc. now owns 434,117 shares of the company’s stock worth $10,653,000 after purchasing an additional 25,810 shares in the last quarter. Brown Financial Advisory raised its holdings in Schwab Fundamental U.S. Large Company ETF by 49.8% in the 2nd quarter. Brown Financial Advisory now owns 25,314 shares of the company’s stock worth $621,000 after purchasing an additional 8,417 shares in the last quarter. Kiker Wealth Management LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 572.9% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,160 shares of the company’s stock worth $53,000 after purchasing an additional 1,839 shares in the last quarter. Northwest Capital Management Inc bought a new position in Schwab Fundamental U.S. Large Company ETF in the 2nd quarter worth $774,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Schwab Fundamental U.S. Large Company ETF by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,177 shares of the company’s stock worth $495,000 after purchasing an additional 2,035 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.8%

Shares of NYSEARCA FNDX opened at $26.18 on Wednesday. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $20.41 and a 12 month high of $26.66. The firm has a market capitalization of $20.57 billion, a PE ratio of 17.86 and a beta of 1.00. The firm has a fifty day simple moving average of $25.84 and a two-hundred day simple moving average of $24.43.

Schwab Fundamental U.S. Large Company ETF Company 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.