Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) is ZRC Wealth Management LLC’s 2nd Largest Position

ZRC Wealth Management LLC lifted its position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,202 shares of the company’s stock after purchasing an additional 14,549 shares during the period. Schwab Fundamental U.S. Large Company Index ETF comprises 7.9% of ZRC Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. ZRC Wealth Management LLC owned approximately 0.12% of Schwab Fundamental U.S. Large Company Index ETF worth $15,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNDX. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth $25,000. Able Wealth Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth $28,000. Johnson Financial Group Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 262.2% during the fourth quarter. Johnson Financial Group Inc. now owns 536 shares of the company’s stock worth $33,000 after acquiring an additional 388 shares during the last quarter. Tidemark LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter worth $36,000. Finally, Sound Income Strategies LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 232.1% during the first quarter. Sound Income Strategies LLC now owns 651 shares of the company’s stock worth $44,000 after acquiring an additional 455 shares during the last quarter.

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

Shares of NYSEARCA:FNDX remained flat at $67.15 during midday trading on Thursday. 386,913 shares of the company were exchanged, compared to its average volume of 476,029. The company’s 50 day moving average is $66.46 and its two-hundred day moving average is $64.78. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $53.32 and a 12-month high of $67.86. The firm has a market capitalization of $15.38 billion, a PE ratio of 17.79 and a beta of 0.84.

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.