Sovereign Financial Group Inc. Acquires 23,806 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Sovereign Financial Group Inc. increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 205.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,373 shares of the company’s stock after acquiring an additional 23,806 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FNDX. Cornerstone Planning Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at $93,978,000. Financial Strategies Group Inc. grew its position in Schwab Fundamental U.S. Large Company Index ETF by 202.2% during the third quarter. Financial Strategies Group Inc. now owns 843,310 shares of the company’s stock valued at $60,516,000 after buying an additional 564,270 shares during the period. Envision Financial LLC purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth about $13,122,000. Moller Wealth Partners raised its position in Schwab Fundamental U.S. Large Company Index ETF by 189.8% in the fourth quarter. Moller Wealth Partners now owns 766,515 shares of the company’s stock worth $18,151,000 after acquiring an additional 502,033 shares during the period. Finally, Signature Estate & Investment Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 18.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock valued at $229,383,000 after acquiring an additional 501,854 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.5 %

Shares of FNDX stock opened at $23.78 on Wednesday. The firm has a market cap of $5.45 billion, a P/E ratio of 17.79 and a beta of 0.84. The company has a 50 day moving average of $24.32 and a 200-day moving average of $23.64. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.21 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.