Valmark Advisers Inc. bought a new position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 148,547 shares of the company’s stock, valued at approximately $4,675,000.
A number of other institutional investors and hedge funds have also modified their holdings of FNDX. Capital Advantage Inc. lifted its stake in Schwab Fundamental U.S. Large Company ETF by 19.6% in the 2nd quarter. Capital Advantage Inc. now owns 214,467 shares of the company’s stock worth $6,670,000 after acquiring an additional 35,081 shares in the last quarter. InTrack Investment Management Inc boosted its position in Schwab Fundamental U.S. Large Company ETF by 321.1% during the 2nd quarter. InTrack Investment Management Inc now owns 61,589 shares of the company’s stock worth $1,915,000 after acquiring an additional 46,962 shares during the period. Stillwater Wealth Management Group grew its stake in Schwab Fundamental U.S. Large Company ETF by 17.1% during the 3rd quarter. Stillwater Wealth Management Group now owns 275,654 shares of the company’s stock valued at $8,675,000 after acquiring an additional 40,321 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the 3rd quarter valued at about $3,013,000. Finally, Wealthspire Retirement LLC grew its stake in Schwab Fundamental U.S. Large Company ETF by 22.5% during the 1st quarter. Wealthspire Retirement LLC now owns 954,774 shares of the company’s stock valued at $26,590,000 after acquiring an additional 175,175 shares in the last quarter.
Schwab Fundamental U.S. Large Company ETF Stock Up 0.2%
Shares of FNDX traded up $0.07 during trading hours on Friday, reaching $32.98. The company’s stock had a trading volume of 3,219,309 shares, compared to its average volume of 4,452,085. The firm has a market cap of $28.81 billion, a price-to-earnings ratio of 18.57 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $25.87 and a 1-year high of $33.38. The company has a 50 day moving average of $32.35 and a two-hundred day moving average of $30.76.
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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