Wellspring Financial Advisors LLC Boosts Stock Position 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% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,445 shares of the company’s stock after purchasing an additional 75,583 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,452 shares of the company’s stock worth $801,000 after purchasing an additional 542 shares in the last quarter. Brand Asset Management Group Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2.6% in the 4th quarter. Brand Asset Management Group Inc. now owns 56,351 shares of the company’s stock worth $1,533,000 after purchasing an additional 1,434 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 6.3% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 10,868 shares of the company’s stock worth $296,000 after purchasing an additional 643 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 20.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 62,531 shares of the company’s stock worth $1,701,000 after purchasing an additional 10,463 shares in the last quarter. Finally, FCA Corp TX boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 0.9% in the 4th quarter. FCA Corp TX now owns 142,043 shares of the company’s stock worth $3,865,000 after purchasing an additional 1,288 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.9%

NYSEARCA FNDX opened at $30.57 on Thursday. The stock has a 50-day moving average of $29.87 and a 200-day moving average of $28.64. The firm has a market cap of $26.33 billion, a PE ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $23.89 and a 1-year 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.