Meridian Wealth Management LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX – Free Report) by 198.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 126,471 shares of the company’s stock after acquiring an additional 84,042 shares during the period. Meridian Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $2,995,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of FNDX. Adirondack Trust Co. lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock worth $27,000 after buying an additional 770 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after buying an additional 1,093 shares during the period. WealthShield Partners LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after buying an additional 895 shares during the period. McClarren Financial Advisors Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter worth approximately $35,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter worth approximately $36,000.
Schwab Fundamental U.S. Large Company Index ETF Stock Performance
Shares of FNDX opened at $24.31 on Tuesday. The stock has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $24.10. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $21.25 and a 52-week high of $25.17. The company has a market cap of $17.89 billion, a price-to-earnings ratio of 19.51 and a beta of 1.00.
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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