Schwab Fundamental U.S. Large Company ETF $FNDX is Magnolia Private Wealth LLC’s 5th Largest Position

Magnolia Private Wealth LLC cut its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,627 shares of the company’s stock after selling 33,888 shares during the period. Schwab Fundamental U.S. Large Company ETF makes up about 4.3% of Magnolia Private Wealth LLC’s holdings, making the stock its 5th largest holding. Magnolia Private Wealth LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $5,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth approximately $719,000. Millennium Management LLC raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 900.0% in the fourth quarter. Millennium Management LLC now owns 28,880 shares of the company’s stock valued at $684,000 after acquiring an additional 25,992 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 46.1% in the first quarter. Merit Financial Group LLC now owns 625,320 shares of the company’s stock valued at $14,764,000 after acquiring an additional 197,434 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $99,000. Finally, Capital Asset Advisory Services LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $206,000.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX opened at $26.30 on Wednesday. The firm has a market capitalization of $19.99 billion, a PE ratio of 17.86 and a beta of 1.00. The business’s fifty day moving average price is $25.56 and its 200 day moving average price is $24.25. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $20.41 and a 12 month high of $26.51.

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.