Meridian Wealth Management LLC Has $3 Million Stock Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Meridian Wealth Management LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 198.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,471 shares of the company’s stock after buying an additional 84,042 shares during the quarter. Meridian Wealth Management LLC owned 0.06% of Schwab Fundamental U.S. Large Company Index ETF worth $2,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNDX. US Bancorp DE grew its holdings in Schwab Fundamental U.S. Large Company Index ETF by 60.1% in the 3rd quarter. US Bancorp DE now owns 6,915 shares of the company’s stock valued at $496,000 after buying an additional 2,597 shares during the last quarter. Solitude Financial Services grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 0.8% during the 3rd quarter. Solitude Financial Services now owns 301,322 shares of the company’s stock worth $21,623,000 after purchasing an additional 2,325 shares in the last quarter. Milestone Investment Advisors LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 5.5% during the 3rd quarter. Milestone Investment Advisors LLC now owns 104,812 shares of the company’s stock worth $7,521,000 after purchasing an additional 5,488 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 100.9% during the 3rd quarter. Maia Wealth LLC now owns 9,542 shares of the company’s stock worth $685,000 after purchasing an additional 4,793 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $412,000.

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

Shares of NYSEARCA:FNDX opened at $24.31 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $21.25 and a 1-year high of $25.17. The firm has a market capitalization of $17.89 billion, a PE ratio of 19.51 and a beta of 1.00. The business’s 50 day moving average is $24.33 and its 200-day moving average is $24.10.

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.