Meridian Wealth Management LLC Cuts Stock Position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)

Meridian Wealth Management LLC reduced its position in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,484 shares of the company’s stock after selling 2,987 shares during the quarter. Meridian Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $2,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNDX. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter worth about $719,000. JPMorgan Chase & Co. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 304.9% in the 4th quarter. JPMorgan Chase & Co. now owns 137,073 shares of the company’s stock valued at $3,246,000 after acquiring an additional 103,216 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 212.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,840 shares of the company’s stock valued at $233,000 after acquiring an additional 6,694 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 198.1% in the 4th quarter. Wells Fargo & Company MN now owns 132,274 shares of the company’s stock valued at $3,132,000 after acquiring an additional 87,906 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1,785.1% in the 4th quarter. Russell Investments Group Ltd. now owns 6,447 shares of the company’s stock valued at $153,000 after acquiring an additional 6,105 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.3%

NYSEARCA FNDX opened at $24.83 on Tuesday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $25.22. The stock has a 50-day moving average of $24.55 and a 200-day moving average of $23.88. The firm has a market cap of $18.87 billion, a PE ratio of 17.86 and a beta of 1.00.

Schwab Fundamental U.S. Large Company 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.