Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Shares Purchased by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 200.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,999 shares of the company’s stock after acquiring an additional 12,666 shares during the period. Mengis Capital Management Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $450,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FNDX. Brookstone Capital Management boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% in the 4th quarter. Brookstone Capital Management now owns 19,409 shares of the company’s stock valued at $460,000 after buying an additional 12,884 shares during the period. Destination Wealth Management purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter valued at about $209,000. Peapack Gladstone Financial Corp boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 91,770 shares of the company’s stock valued at $6,585,000 after buying an additional 2,490 shares during the period. Stifel Financial Corp boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 38.1% in the 3rd quarter. Stifel Financial Corp now owns 10,269 shares of the company’s stock valued at $737,000 after buying an additional 2,834 shares during the period. Finally, Arlington Financial Advisors LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% in the 4th quarter. Arlington Financial Advisors LLC now owns 387,494 shares of the company’s stock valued at $9,176,000 after buying an additional 257,238 shares during the period.

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

FNDX stock opened at $24.55 on Tuesday. The business has a 50 day moving average price of $24.27 and a 200 day moving average price of $24.04. The stock 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 fifty-two week low of $21.25 and a fifty-two week high of $25.17.

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