7,012 Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Bought by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,012 shares of the company’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Advisory Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 0.9% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 125,516,788 shares of the company’s stock worth $7,774,510,000 after acquiring an additional 1,131,337 shares in the last quarter. Spire Wealth Management increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 1.4% in the fourth quarter. Spire Wealth Management now owns 21,985 shares of the company’s stock worth $1,359,000 after purchasing an additional 293 shares in the last quarter. Rollins Financial lifted its stake in Schwab Fundamental U.S. Large Company Index ETF by 16.9% in the fourth quarter. Rollins Financial now owns 57,872 shares of the company’s stock valued at $3,585,000 after buying an additional 8,384 shares during the period. Avidian Wealth Solutions LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.4% during the 4th quarter. Avidian Wealth Solutions LLC now owns 60,712 shares of the company’s stock worth $3,760,000 after buying an additional 1,447 shares during the period. Finally, TCG Advisory Services LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 52.2% during the 4th quarter. TCG Advisory Services LLC now owns 8,368 shares of the company’s stock worth $518,000 after buying an additional 2,870 shares during the period.

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

Shares of Schwab Fundamental U.S. Large Company Index ETF stock traded up $0.16 during trading on Tuesday, reaching $65.81. 745,629 shares of the company traded hands, compared to its average volume of 520,845. The firm has a market capitalization of $15.07 billion, a PE ratio of 17.79 and a beta of 0.84. The company has a 50 day moving average price of $65.53 and a 200-day moving average price of $62.16. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $53.32 and a 1-year high of $67.52.

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