Masso Torrence Wealth Management Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX – Free Report) by 187.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 383,334 shares of the company’s stock after acquiring an additional 249,798 shares during the period. Schwab Fundamental U.S. Large Company Index ETF accounts for 4.8% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 4th biggest position. Masso Torrence Wealth Management Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $9,077,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 0.3% during the third quarter. Bruce G. Allen Investments LLC now owns 112,897 shares of the company’s stock worth $8,101,000 after purchasing an additional 288 shares in the last quarter. Castleview Partners LLC acquired a new position in Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at about $32,000. Howe & Rusling Inc. raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 7.0% in the third quarter. Howe & Rusling Inc. now owns 7,168 shares of the company’s stock valued at $514,000 after buying an additional 468 shares during the last quarter. Etfidea LLC boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 1.1% in the third quarter. Etfidea LLC now owns 44,019 shares of the company’s stock worth $3,159,000 after acquiring an additional 473 shares in the last quarter. Finally, Godsey & Gibb Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 28.6% during the third quarter. Godsey & Gibb Inc. now owns 2,303 shares of the company’s stock worth $165,000 after acquiring an additional 512 shares during the last quarter.
Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.2 %
NYSEARCA:FNDX opened at $24.71 on Wednesday. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $20.72 and a twelve month high of $25.17. The company has a market cap of $5.66 billion, a PE ratio of 17.79 and a beta of 0.84. The company’s 50 day moving average is $24.31 and its two-hundred day moving average is $23.78.
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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