Merit Financial Group LLC Buys 522,654 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Merit Financial Group LLC raised its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 150.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 870,013 shares of the company’s stock after buying an additional 522,654 shares during the period. Merit Financial Group LLC owned about 0.11% of Schwab Fundamental U.S. Large Company ETF worth $23,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Heritage Wealth Management Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 4.5% during the fourth quarter. Heritage Wealth Management Inc. now owns 34,570 shares of the company’s stock valued at $941,000 after acquiring an additional 1,499 shares in the last quarter. AE Wealth Management LLC grew its stake in Schwab Fundamental U.S. Large Company ETF by 9.2% in the fourth quarter. AE Wealth Management LLC now owns 201,466 shares of the company’s stock worth $5,482,000 after purchasing an additional 16,962 shares in the last quarter. Pennsylvania Capital Management Inc. ADV grew its stake in Schwab Fundamental U.S. Large Company ETF by 81.3% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 671,928 shares of the company’s stock worth $18,283,000 after purchasing an additional 301,335 shares in the last quarter. Private Trust Co. NA increased its holdings in Schwab Fundamental U.S. Large Company ETF by 18.8% during the 4th quarter. Private Trust Co. NA now owns 4,239 shares of the company’s stock worth $115,000 after purchasing an additional 672 shares during the period. Finally, Key Capital Management INC purchased a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $84,000.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.6%

Shares of NYSEARCA FNDX opened at $29.18 on Friday. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $21.35 and a twelve month high of $29.37. The firm has a market cap of $25.01 billion, a PE ratio of 17.86 and a beta of 0.88. The business has a fifty day simple moving average of $28.46 and a two-hundred day simple moving average of $27.60.

About Schwab Fundamental U.S. Large Company ETF

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.