Wellspring Financial Advisors LLC Grows Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Wellspring Financial Advisors LLC lifted its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 304.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,445 shares of the company’s stock after purchasing an additional 75,583 shares during the period. Wellspring Financial Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FNDX. Capital Investment Advisory Services LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock worth $37,000 after buying an additional 615 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at $39,000. RHL Group LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at $41,000. Fifth Third Bancorp purchased a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at $44,000. Finally, LGT Financial Advisors LLC lifted its position in Schwab Fundamental U.S. Large Company ETF by 11,188.2% during the third quarter. LGT Financial Advisors LLC now owns 1,919 shares of the company’s stock valued at $50,000 after purchasing an additional 1,902 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

NYSEARCA FNDX opened at $30.57 on Thursday. The company has a market capitalization of $26.33 billion, a PE ratio of 17.86 and a beta of 0.87. The business’s fifty day moving average is $29.87 and its 200 day moving average is $28.64. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $23.89 and a fifty-two week high of $31.29.

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.