Merit Financial Group LLC Sells 25,862 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

Merit Financial Group LLC reduced its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 347,359 shares of the company’s stock after selling 25,862 shares during the period. Merit Financial Group LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $9,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FNDX. Clark Asset Management LLC lifted its stake in Schwab Fundamental U.S. Large Company ETF by 2.8% during the 3rd quarter. Clark Asset Management LLC now owns 23,388 shares of the company’s stock valued at $615,000 after acquiring an additional 627 shares during the period. Warner Financial Inc. lifted its position in Schwab Fundamental U.S. Large Company ETF by 0.5% during the third quarter. Warner Financial Inc. now owns 113,713 shares of the company’s stock valued at $2,991,000 after purchasing an additional 546 shares during the period. Private Wealth Management Group LLC boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 76.5% in the third quarter. Private Wealth Management Group LLC now owns 2,725 shares of the company’s stock worth $72,000 after purchasing an additional 1,181 shares during the last quarter. Kavar Capital Partners Group LLC grew its position in Schwab Fundamental U.S. Large Company ETF by 4.3% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 1,532,626 shares of the company’s stock worth $40,308,000 after purchasing an additional 63,624 shares during the period. Finally, Archford Capital Strategies LLC grew its position in Schwab Fundamental U.S. Large Company ETF by 119.2% in the 3rd quarter. Archford Capital Strategies LLC now owns 541,457 shares of the company’s stock worth $14,240,000 after purchasing an additional 294,430 shares during the period.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.5%

Schwab Fundamental U.S. Large Company ETF stock opened at $28.92 on Tuesday. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $29.37. The company has a market cap of $23.96 billion, a P/E ratio of 17.86 and a beta of 0.93. The business has a 50-day simple moving average of $27.99 and a two-hundred day simple moving average of $26.80.

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.