Diversified Management Inc. Acquires Shares of 37,466 Schwab Fundamental U.S. Large Company ETF $FNDX

Diversified Management Inc. acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,466 shares of the company’s stock, valued at approximately $1,019,000.

Several other hedge funds have also recently modified their holdings of FNDX. Legacy Financial Strategies LLC boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.1% during the fourth quarter. Legacy Financial Strategies LLC now owns 36,795 shares of the company’s stock worth $1,001,000 after acquiring an additional 385 shares during the last quarter. Midland Wealth Advisors LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 0.6% in the 3rd quarter. Midland Wealth Advisors LLC now owns 66,619 shares of the company’s stock valued at $1,752,000 after acquiring an additional 397 shares during the last quarter. Assetmark Inc. lifted its stake in Schwab Fundamental U.S. Large Company ETF by 2.7% in the 4th quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock worth $420,000 after purchasing an additional 408 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 6.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 6,724 shares of the company’s stock valued at $177,000 after purchasing an additional 412 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.1% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 20,597 shares of the company’s stock valued at $542,000 after purchasing an additional 420 shares in the last quarter.

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

Shares of FNDX stock opened at $29.01 on Thursday. The stock has a market capitalization of $24.82 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $21.35 and a 12-month high of $29.37. The stock’s 50-day moving average price is $28.45 and its 200-day moving average price is $27.59.

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.