Sovereign Financial Group Inc. Sells 22,283 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Sovereign Financial Group Inc. decreased its holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 63.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,104 shares of the company’s stock after selling 22,283 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 3.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock worth $9,871,112,000 after purchasing an additional 12,903,364 shares during the period. AlphaCore Capital LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 24,845.4% during the second quarter. AlphaCore Capital LLC now owns 3,396,569 shares of the company’s stock valued at $83,352,000 after buying an additional 3,382,953 shares during the period. Envestnet Asset Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 67.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,394,055 shares of the company’s stock worth $156,910,000 after buying an additional 2,585,828 shares in the last quarter. Boulay Financial Advisors LLC lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 36.1% in the second quarter. Boulay Financial Advisors LLC now owns 8,538,518 shares of the company’s stock worth $195,005,000 after buying an additional 2,266,989 shares during the period. Finally, Belpointe Asset Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the first quarter worth about $29,957,000.

Schwab Fundamental U.S. Large Company ETF Stock Performance

FNDX stock opened at $27.47 on Monday. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $20.41 and a fifty-two week high of $27.57. The company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The business’s 50 day moving average price is $26.87 and its two-hundred day moving average price is $25.88.

Schwab Fundamental U.S. Large Company 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.