Sovereign Financial Group Inc. Decreases Stake in Schwab Fundamental U.S. Large Company ETF $FNDX

Sovereign Financial Group Inc. reduced its stake in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,387 shares of the company’s stock after selling 2,290 shares during the period. Sovereign Financial Group Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $868,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FNDX. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the 4th quarter worth approximately $719,000. Farther Finance Advisors LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 90.3% in the 1st quarter. Farther Finance Advisors LLC now owns 15,302 shares of the company’s stock worth $361,000 after buying an additional 7,260 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth approximately $335,000. Salem Investment Counselors Inc. grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 7.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 66,415 shares of the company’s stock worth $1,568,000 after buying an additional 4,386 shares during the last quarter. Finally, Steele Capital Management Inc. grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.3% in the 1st quarter. Steele Capital Management Inc. now owns 6,054,706 shares of the company’s stock worth $142,952,000 after buying an additional 75,461 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX stock opened at $25.68 on Friday. The firm has a market cap of $20.16 billion, a P/E ratio of 17.86 and a beta of 1.00. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $20.41 and a fifty-two week high of $26.66. The business’s 50 day moving average price is $25.79 and its 200-day moving average price is $24.39.

Schwab Fundamental U.S. Large Company ETF Company 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.