Independent Advisor Alliance Takes Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Independent Advisor Alliance purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,452 shares of the company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Howe & Rusling Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 7.0% during the third quarter. Howe & Rusling Inc. now owns 7,168 shares of the company’s stock valued at $514,000 after purchasing an additional 468 shares in the last quarter. Etfidea LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.1% during the third quarter. Etfidea LLC now owns 44,019 shares of the company’s stock valued at $3,159,000 after purchasing an additional 473 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after purchasing an additional 770 shares in the last quarter. WealthShield Partners LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock valued at $32,000 after purchasing an additional 895 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 49.0% during the third quarter. Glass Jacobson Investment Advisors llc now owns 2,957 shares of the company’s stock valued at $212,000 after purchasing an additional 973 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 1.2 %

Shares of NYSEARCA FNDX opened at $23.73 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $21.25 and a fifty-two week high of $25.17. The firm’s 50-day simple moving average is $24.30 and its 200 day simple moving average is $24.13. The stock has a market cap of $17.47 billion, a P/E ratio of 19.51 and a beta of 1.00.

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.