Spire Wealth Management Buys 47,016 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Spire Wealth Management boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 207.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,649 shares of the company’s stock after acquiring an additional 47,016 shares during the quarter. Spire Wealth Management’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,649,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FNDX. Captrust Financial Advisors boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock valued at $333,059,000 after purchasing an additional 313,382 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 18.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock worth $229,383,000 after buying an additional 501,854 shares during the period. McAdam LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 6.0% during the 3rd quarter. McAdam LLC now owns 2,916,821 shares of the company’s stock worth $209,311,000 after buying an additional 165,937 shares during the period. Charles Schwab Trust Co raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 201.4% during the 4th quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after buying an additional 1,809,709 shares during the period. Finally, Gemmer Asset Management LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 213.1% in the fourth quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock worth $58,581,000 after purchasing an additional 1,683,829 shares in the last quarter.

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

Shares of NYSEARCA FNDX opened at $24.49 on Tuesday. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The business has a 50-day moving average of $24.30 and a 200-day moving average of $23.82. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $20.78 and a fifty-two week high of $25.17.

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.