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

Sovereign Financial Group Inc. acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,012 shares of the company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 2,886.7% in the third quarter. Gradient Investments LLC now owns 448 shares of the company’s stock valued at $25,000 after buying an additional 433 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter valued at approximately $25,000. WealthShield Partners LLC bought a new position in Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth $44,000. Glass Jacobson Investment Advisors llc increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 43.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,340 shares of the company’s stock valued at $75,000 after purchasing an additional 404 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 20.1% during the third quarter. Citigroup Inc. now owns 1,338 shares of the company’s stock worth $75,000 after purchasing an additional 224 shares during the period.

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

Shares of NYSEARCA:FNDX traded up $0.16 during trading on Tuesday, reaching $65.81. 745,629 shares of the company’s stock traded hands, compared to its average volume of 520,845. The company has a 50 day moving average of $65.53 and a 200-day moving average of $62.16. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $53.32 and a 12 month high of $67.52. The stock has a market capitalization of $15.07 billion, a P/E ratio of 17.79 and a beta of 0.84.

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.