Mercer Global Advisors Inc. ADV Buys 7,579 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Mercer Global Advisors Inc. ADV boosted its stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,222 shares of the company’s stock after buying an additional 7,579 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $4,904,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FNDX. Rollins Financial boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 16.9% in the 4th quarter. Rollins Financial now owns 57,872 shares of the company’s stock valued at $3,585,000 after purchasing an additional 8,384 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 14.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,515 shares of the company’s stock worth $404,000 after buying an additional 799 shares during the last quarter. UBS Group AG grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 7.8% during the fourth quarter. UBS Group AG now owns 502,751 shares of the company’s stock worth $31,140,000 after buying an additional 36,196 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 7,644.7% during the fourth quarter. Assetmark Inc. now owns 3,640 shares of the company’s stock worth $225,000 after buying an additional 3,593 shares in the last quarter. Finally, Tidemark LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter valued at approximately $36,000.

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

NYSEARCA FNDX opened at $71.33 on Friday. The stock’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $67.25. Schwab Fundamental U.S. Large Company Index ETF has a one year low of $53.32 and a one year high of $71.66. The firm has a market cap of $16.33 billion, a PE ratio of 17.79 and a beta of 0.84.

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.