Magnolia Private Wealth LLC Buys Shares of 266,379 Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Magnolia Private Wealth LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 266,379 shares of the company’s stock, valued at approximately $6,308,000. Schwab Fundamental U.S. Large Company Index ETF makes up about 3.6% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in FNDX. Adirondack Trust Co. lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after purchasing an additional 770 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock valued at $30,000 after purchasing an additional 1,093 shares during the period. WealthShield Partners LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock valued at $32,000 after buying an additional 895 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter worth approximately $108,000. Finally, Decker Retirement Planning Inc. bought a new position in Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter worth approximately $36,000.

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

Shares of FNDX stock opened at $24.54 on Wednesday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The company’s fifty day simple moving average is $24.28 and its two-hundred day simple moving average is $24.05. Schwab Fundamental U.S. Large Company Index ETF has a 1 year low of $21.25 and a 1 year high of $25.17.

Schwab Fundamental U.S. Large Company Index 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.