GeoWealth Management LLC Invests $767,000 in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

GeoWealth Management LLC bought a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,325 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FNDX. Retirement Group LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the 1st quarter valued at $25,000. Global Retirement Partners LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 162.4% during the first quarter. Global Retirement Partners LLC now owns 551 shares of the company’s stock worth $30,000 after purchasing an additional 341 shares during the period. Money Concepts Capital Corp acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter valued at approximately $30,000. MUFG Americas Holdings Corp bought a new stake in Schwab Fundamental U.S. Large Company Index ETF during the third quarter valued at $42,000. Finally, Belpointe Asset Management LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 109.0% during the first quarter. Belpointe Asset Management LLC now owns 788 shares of the company’s stock worth $43,000 after purchasing an additional 411 shares during the period.

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

Shares of Schwab Fundamental U.S. Large Company Index ETF stock opened at $58.44 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $51.90 and a 52 week high of $59.97. The stock has a 50 day moving average price of $56.24 and a two-hundred day moving average price of $56.80. The stock has a market capitalization of $11.79 billion, a PE ratio of 15.88 and a beta of 1.00.

About Schwab Fundamental U.S. Large Company Index 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.