Destination Wealth Management Invests $209,000 in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Destination Wealth Management purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,919 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also modified their holdings of FNDX. Stifel Financial Corp lifted its stake in Schwab Fundamental U.S. Large Company Index ETF by 38.1% in the 3rd quarter. Stifel Financial Corp now owns 10,269 shares of the company’s stock worth $737,000 after acquiring an additional 2,834 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new position in Schwab Fundamental U.S. Large Company Index ETF during the second quarter valued at approximately $434,000. Meeder Advisory Services Inc. purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF in the 2nd quarter worth approximately $325,000. Firestone Capital Management boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.6% during the 2nd quarter. Firestone Capital Management now owns 260,270 shares of the company’s stock valued at $17,433,000 after buying an additional 3,998 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 2nd quarter valued at $252,000.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.2 %

Shares of NYSEARCA:FNDX opened at $23.68 on Thursday. The business has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $23.54. Schwab Fundamental U.S. Large Company Index ETF has a 1 year low of $20.21 and a 1 year high of $25.17. The firm has a market cap of $5.42 billion, a price-to-earnings 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.