Elevate Wealth Advisory Inc. Acquires 6,560 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Elevate Wealth Advisory Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 200.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,840 shares of the company’s stock after buying an additional 6,560 shares during the period. Elevate Wealth Advisory Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNDX. Condor Capital Management grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.1% during the fourth quarter. Condor Capital Management now owns 8,886 shares of the company’s stock valued at $210,000 after purchasing an additional 5,925 shares during the last quarter. Sandy Spring Bank lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 178.9% during the 4th quarter. Sandy Spring Bank now owns 5,679 shares of the company’s stock worth $134,000 after buying an additional 3,643 shares in the last quarter. Next Capital Management LLC boosted its position in Schwab Fundamental U.S. Large Company Index ETF by 233.4% in the 4th quarter. Next Capital Management LLC now owns 52,796 shares of the company’s stock valued at $1,250,000 after buying an additional 36,958 shares during the last quarter. L.K. Benson & Company P.C. acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter valued at $624,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 178.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 12,305 shares of the company’s stock worth $291,000 after acquiring an additional 7,887 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.8 %

Shares of FNDX opened at $23.78 on Thursday. The stock’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $24.13. The firm has a market capitalization of $17.50 billion, a PE ratio of 19.51 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $21.25 and a 12-month high of $25.17.

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.