Morris Financial Concepts Inc. Acquires 10,358 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Morris Financial Concepts Inc. increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 199.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,552 shares of the company’s stock after buying an additional 10,358 shares during the period. Morris Financial Concepts Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $368,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNDX. McAdam LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after acquiring an additional 6,193,223 shares in the last quarter. Charles Schwab Trust Co boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.4% in the fourth quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock valued at $64,132,000 after acquiring an additional 1,809,709 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 213.1% in the fourth quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock valued at $58,581,000 after acquiring an additional 1,683,829 shares in the last quarter. Reston Wealth Management LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 209.5% in the fourth quarter. Reston Wealth Management LLC now owns 2,086,496 shares of the company’s stock valued at $49,408,000 after acquiring an additional 1,412,414 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF in the third quarter valued at approximately $93,978,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 0.4 %

Shares of FNDX opened at $24.56 on Thursday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $20.78 and a twelve month high of $25.17. The company has a 50 day moving average of $24.24 and a two-hundred day moving average of $23.90.

About Schwab Fundamental U.S. Large Company Index ETF

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.