Riverchase Wealth Management LLC Trims Position in Schwab Fundamental U.S. Large Company ETF $FNDX

Riverchase Wealth Management LLC decreased its position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 86,052 shares of the company’s stock after selling 7,287 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises 1.3% of Riverchase Wealth Management LLC’s holdings, making the stock its 16th biggest position. Riverchase Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FNDX. Woodside Wealth Management LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $25,000. Bridge Generations Wealth Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 171.2% during the first quarter. Bridge Generations Wealth Management LLC now owns 1,169 shares of the company’s stock valued at $28,000 after buying an additional 738 shares during the period. Key Financial Inc lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 79.5% during the first quarter. Key Financial Inc now owns 1,346 shares of the company’s stock valued at $32,000 after buying an additional 596 shares during the period. Dagco Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $33,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $44,000.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX opened at $26.28 on Friday. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 17.86 and a beta of 1.00. The company’s 50 day simple moving average is $25.76 and its 200 day simple moving average is $24.38. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $20.41 and a 1 year high of $26.66.

Schwab Fundamental U.S. Large Company 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.