Merit Financial Group LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 427,886 shares of the company’s stock, valued at approximately $10,132,000.
A number of other hedge funds have also bought and sold shares of FNDX. Pinnacle Bancorp Inc. lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after acquiring an additional 1,093 shares during the last quarter. Castleview Partners LLC bought a new stake in Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth about $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at approximately $36,000. Global Wealth Strategies & Associates boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 1,731 shares of the company’s stock valued at $41,000 after buying an additional 1,156 shares during the period. Finally, Indiana Trust & Investment Management Co bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the third quarter valued at approximately $50,000.
Schwab Fundamental U.S. Large Company Index ETF Stock Performance
Shares of FNDX stock opened at $24.37 on Friday. The stock has a 50 day moving average price of $24.30 and a 200 day moving average price of $23.66. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $20.22 and a 52-week high of $25.17. The firm has a market capitalization of $5.58 billion, a P/E 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.
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