Magnolia Private Wealth LLC Sells 22,636 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Magnolia Private Wealth LLC lessened its position in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 10.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 200,991 shares of the company’s stock after selling 22,636 shares during the quarter. Schwab Fundamental U.S. Large Company ETF comprises about 3.3% of Magnolia Private Wealth LLC’s holdings, making the stock its 7th largest position. Magnolia Private Wealth LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $5,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Revolve Wealth Partners LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at about $719,000. AQR Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth approximately $739,000. Jane Street Group LLC lifted its stake in Schwab Fundamental U.S. Large Company ETF by 39.9% during the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after purchasing an additional 25,267 shares in the last quarter. US Bancorp DE boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 12.7% during the 2nd quarter. US Bancorp DE now owns 26,349 shares of the company’s stock valued at $647,000 after acquiring an additional 2,979 shares during the period. Finally, Blair William & Co. IL lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.7% during the second quarter. Blair William & Co. IL now owns 28,057 shares of the company’s stock worth $689,000 after purchasing an additional 744 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of NYSEARCA FNDX opened at $29.06 on Wednesday. The stock’s 50-day moving average is $27.85 and its two-hundred day moving average is $26.68. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $29.19. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93.

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.