Destination Wealth Management Acquires 6,435 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Destination Wealth Management grew its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 220.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,354 shares of the company’s stock after acquiring an additional 6,435 shares during the quarter. Destination Wealth Management’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FNDX. Charles Schwab Investment Management Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock valued at $9,309,803,000 after acquiring an additional 262,526,108 shares during the period. McAdam LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after purchasing an additional 6,193,223 shares in the last quarter. Steele Capital Management Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after purchasing an additional 3,993,372 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.8% in the fourth quarter. Glassman Wealth Services now owns 4,514,762 shares of the company’s stock valued at $106,910,000 after purchasing an additional 3,014,069 shares in the last quarter. Finally, Callan Capital LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 205.3% in the fourth quarter. Callan Capital LLC now owns 3,720,737 shares of the company’s stock valued at $88,107,000 after purchasing an additional 2,502,026 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.8 %

Shares of NYSEARCA FNDX opened at $24.03 on Friday. The business has a fifty day simple moving average of $24.33 and a 200 day simple moving average of $24.12. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 19.51 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a one year low of $21.25 and a one year 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.