Morris Financial Concepts Inc. Boosts Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Morris Financial Concepts Inc. raised its position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 199.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,552 shares of the company’s stock after purchasing an additional 10,358 shares during the quarter. Morris Financial Concepts Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNDX. McAdam LLC raised its position in Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the 4th quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock worth $215,726,000 after purchasing an additional 6,193,223 shares during the period. Charles Schwab Trust Co increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.4% during the fourth quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after acquiring an additional 1,809,709 shares during the period. Gemmer Asset Management LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 213.1% during the fourth quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock worth $58,581,000 after acquiring an additional 1,683,829 shares during the period. Reston Wealth Management LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 209.5% during the fourth quarter. Reston Wealth Management LLC now owns 2,086,496 shares of the company’s stock worth $49,408,000 after acquiring an additional 1,412,414 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth approximately $93,978,000.

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

Shares of NYSEARCA:FNDX opened at $24.56 on Thursday. The firm has a market cap of $5.62 billion, a PE ratio of 17.79 and a beta of 0.84. The firm’s 50 day simple moving average is $24.24 and its 200-day simple moving average is $23.90. Schwab Fundamental U.S. Large Company Index ETF has a one year low of $20.78 and a one year high of $25.17.

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.