Valmark Advisers Inc. Purchases New Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Valmark Advisers Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,547 shares of the company’s stock, valued at approximately $4,675,000.

Several other institutional investors also recently modified their holdings of FNDX. Capital Advantage Inc. increased its stake in Schwab Fundamental U.S. Large Company ETF by 19.6% in the 2nd quarter. Capital Advantage Inc. now owns 214,467 shares of the company’s stock worth $6,670,000 after purchasing an additional 35,081 shares in the last quarter. InTrack Investment Management Inc raised its holdings in Schwab Fundamental U.S. Large Company ETF by 321.1% during the 2nd quarter. InTrack Investment Management Inc now owns 61,589 shares of the company’s stock worth $1,915,000 after buying an additional 46,962 shares during the period. Stillwater Wealth Management Group raised its holdings in Schwab Fundamental U.S. Large Company ETF by 17.1% during the 3rd quarter. Stillwater Wealth Management Group now owns 275,654 shares of the company’s stock worth $8,675,000 after buying an additional 40,321 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at about $3,013,000. Finally, Wealthspire Retirement LLC lifted its stake in Schwab Fundamental U.S. Large Company ETF by 22.5% during the first quarter. Wealthspire Retirement LLC now owns 954,774 shares of the company’s stock valued at $26,590,000 after buying an additional 175,175 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.2%

Shares of FNDX traded up $0.07 during midday trading on Friday, hitting $32.98. The stock had a trading volume of 3,219,309 shares, compared to its average volume of 4,452,085. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $25.87 and a fifty-two week high of $33.38. The business has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $30.76. The firm has a market cap of $28.81 billion, a P/E ratio of 18.57 and a beta of 0.87.

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.