Mercer Global Advisors Inc. ADV Has $4.90 Million Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Mercer Global Advisors Inc. ADV lifted its stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,222 shares of the company’s stock after purchasing an additional 7,579 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $4,904,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 276.0% in the first quarter. Geneos Wealth Management Inc. now owns 391 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares during the last quarter. Able Wealth Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter valued at about $28,000. Palisade Asset Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 1st quarter valued at about $30,000. Johnson Financial Group Inc. grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 262.2% during the 4th quarter. Johnson Financial Group Inc. now owns 536 shares of the company’s stock worth $33,000 after buying an additional 388 shares during the period. Finally, Tidemark LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth approximately $36,000.

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

Shares of NYSEARCA FNDX opened at $71.33 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $53.32 and a fifty-two week high of $71.66. The firm has a market capitalization of $16.33 billion, a P/E ratio of 17.79 and a beta of 0.84. The company’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $67.25.

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.