Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) is Glassman Wealth Services’ 2nd Largest Position

Glassman Wealth Services raised its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,490,577 shares of the company’s stock after purchasing an additional 9,662 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF accounts for approximately 18.4% of Glassman Wealth Services’ investment portfolio, making the stock its 2nd biggest holding. Glassman Wealth Services owned 0.65% of Schwab Fundamental U.S. Large Company Index ETF worth $99,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 276.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 391 shares of the company’s stock valued at $26,000 after purchasing an additional 287 shares during the period. Able Wealth Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter worth about $28,000. Palisade Asset Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 1st quarter valued at about $30,000. Johnson Financial Group Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 262.2% in the 4th quarter. Johnson Financial Group Inc. now owns 536 shares of the company’s stock valued at $33,000 after purchasing an additional 388 shares in the last quarter. Finally, Tidemark LLC acquired a new position in Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter worth about $36,000.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.3 %

FNDX traded down $0.87 during trading on Friday, hitting $68.41. The company’s stock had a trading volume of 374,982 shares, compared to its average volume of 470,446. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $53.32 and a twelve month high of $70.91. The business’s fifty day simple moving average is $68.52 and its 200 day simple moving average is $66.86.

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.