Independent Financial Group LLC Invests $600,000 in Schwab Fundamental U.S. Large Company ETF $FNDX

Independent Financial Group LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,548 shares of the company’s stock, valued at approximately $600,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Investment Counsel LLC raised its holdings in Schwab Fundamental U.S. Large Company ETF by 2.9% during the 1st quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock worth $375,000 after buying an additional 381 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.4% in the fourth quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after buying an additional 381 shares during the period. Legacy Financial Strategies LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.1% in the fourth quarter. Legacy Financial Strategies LLC now owns 36,795 shares of the company’s stock valued at $1,001,000 after buying an additional 385 shares during the period. Godsey & Gibb Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 6.2% during the fourth quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock worth $185,000 after acquiring an additional 399 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.7% during the fourth quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock worth $420,000 after acquiring an additional 408 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.1%

Shares of NYSEARCA:FNDX opened at $31.61 on Thursday. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $24.27 and a 12 month high of $31.78. The company’s fifty day simple moving average is $31.06 and its 200 day simple moving average is $29.50.

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.