McGrath & Associates Inc. Makes New $1.69 Million Investment in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

McGrath & Associates Inc. acquired a new position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 71,169 shares of the company’s stock, valued at approximately $1,685,000. Schwab Fundamental U.S. Large Company Index ETF accounts for approximately 3.4% of McGrath & Associates Inc.’s portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently made changes to their positions in the business. Simmons Bank grew its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Simmons Bank now owns 11,076 shares of the company’s stock valued at $262,000 after purchasing an additional 7,384 shares during the last quarter. Magnolia Private Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at $6,308,000. Sabal Trust CO increased its position in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. Sabal Trust CO now owns 9,297 shares of the company’s stock valued at $220,000 after purchasing an additional 6,198 shares during the period. Siligmueller & Norvid Wealth Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter worth approximately $2,355,000. Finally, Advisor OS LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 212.1% in the fourth quarter. Advisor OS LLC now owns 13,955 shares of the company’s stock worth $330,000 after purchasing an additional 9,483 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 0.4 %

Shares of FNDX stock opened at $24.44 on Thursday. The business’s fifty day simple moving average is $24.28 and its 200-day simple moving average is $24.05. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $21.25 and a 12-month high of $25.17. The company has a market cap of $5.60 billion, a PE ratio of 17.79 and a beta of 0.84.

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.