Destination Wealth Management Purchases New Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Destination Wealth Management acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,919 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth $2,735,000. Arete Wealth Advisors LLC lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 32.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 117,697 shares of the company’s stock worth $8,414,000 after buying an additional 29,137 shares in the last quarter. Asset Allocation Strategies LLC grew its holdings in Schwab Fundamental U.S. Large Company Index ETF by 459.0% during the 3rd quarter. Asset Allocation Strategies LLC now owns 64,252 shares of the company’s stock worth $4,611,000 after acquiring an additional 52,757 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter valued at about $422,000. Finally, Nabity Jensen Investment Management Inc bought a new position in Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter worth approximately $635,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Performance

Shares of FNDX opened at $23.68 on Thursday. The business’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $23.54. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $20.21 and a 52 week 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.