Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) is Reston Wealth Management LLC’s 2nd Largest Position

Reston Wealth Management LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 209.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,086,496 shares of the company’s stock after purchasing an additional 1,412,414 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF comprises 18.4% of Reston Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Reston Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $49,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Foster & Motley Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 182.6% during the 4th quarter. Foster & Motley Inc. now owns 269,881 shares of the company’s stock worth $6,391,000 after purchasing an additional 174,390 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 206.0% in the fourth quarter. Manning & Napier Advisors LLC now owns 441,944 shares of the company’s stock valued at $10,465,000 after purchasing an additional 297,502 shares during the period. Masso Torrence Wealth Management Inc. boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 187.1% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 383,334 shares of the company’s stock worth $9,077,000 after buying an additional 249,798 shares in the last quarter. Wade Financial Advisory Inc grew its position in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Wade Financial Advisory Inc now owns 51,264 shares of the company’s stock worth $1,214,000 after buying an additional 34,176 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 192.5% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 47,808 shares of the company’s stock valued at $1,165,000 after buying an additional 31,464 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

Shares of NYSEARCA:FNDX opened at $24.66 on Thursday. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The business’s 50 day simple moving average is $24.31 and its 200-day simple moving average is $23.78. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $20.72 and a 12 month high of $25.17.

About Schwab Fundamental U.S. Large Company Index 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.