Castle Wealth Management LLC Invests $215,000 in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Castle Wealth Management LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,475 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently added to or reduced their stakes in FNDX. Cowa LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 31,068.3% during the 1st quarter. Cowa LLC now owns 3,597,442 shares of the company’s stock worth $2,105,000 after buying an additional 3,585,900 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 1.4% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 124,385,451 shares of the company’s stock worth $6,961,854,000 after buying an additional 1,757,011 shares during the last quarter. Alps Advisors Inc. purchased a new position in Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $39,682,000. Planned Solutions Inc. purchased a new position in Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter worth approximately $21,114,000. Finally, CI Private Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter valued at approximately $13,941,000.

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

Shares of FNDX stock traded up $0.24 during midday trading on Friday, hitting $64.18. The company had a trading volume of 313,380 shares, compared to its average volume of 531,022. The company’s 50 day simple moving average is $65.22 and its 200 day simple moving average is $61.24. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $53.32 and a 52-week high of $67.52. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 15.88 and a beta of 1.00.

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.