Briggs Wealth Management Inc Takes $2 Million Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Briggs Wealth Management Inc bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,318 shares of the company’s stock, valued at approximately $1,995,000. Schwab Fundamental U.S. Large Company ETF makes up approximately 2.1% of Briggs Wealth Management Inc’s portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNDX. Howe & Rusling Inc. boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 1.4% in the fourth quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after acquiring an additional 381 shares in the last quarter. Legacy Financial Strategies LLC increased its position in Schwab Fundamental U.S. Large Company ETF by 1.1% during the 4th quarter. Legacy Financial Strategies LLC now owns 36,795 shares of the company’s stock valued at $1,001,000 after purchasing an additional 385 shares during the period. Midland Wealth Advisors LLC increased its position in Schwab Fundamental U.S. Large Company ETF by 0.6% during the 3rd quarter. Midland Wealth Advisors LLC now owns 66,619 shares of the company’s stock valued at $1,752,000 after purchasing an additional 397 shares during the period. Godsey & Gibb Inc. raised its holdings in Schwab Fundamental U.S. Large Company ETF by 6.2% in the 4th quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock worth $185,000 after purchasing an additional 399 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.7% in the 4th quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock worth $420,000 after purchasing an additional 408 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.4%

Shares of FNDX opened at $31.05 on Friday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $23.89 and a 1-year high of $31.56. The firm’s 50-day moving average price is $30.25 and its 200-day moving average price is $28.83. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87.

Schwab Fundamental U.S. Large Company 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.