Sovereign Financial Group Inc. Has $890,000 Stock Holdings in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)

Sovereign Financial Group Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,677 shares of the company’s stock after purchasing an additional 2,304 shares during the period. Sovereign Financial Group Inc.’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Schwab Fundamental U.S. Large Company ETF by 12,276.7% during the fourth quarter. Blue Trust Inc. now owns 5,322 shares of the company’s stock valued at $126,000 after purchasing an additional 5,279 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 204.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,639 shares of the company’s stock valued at $726,000 after purchasing an additional 20,565 shares during the last quarter. Arlington Financial Advisors LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 197.5% during the fourth quarter. Arlington Financial Advisors LLC now owns 387,494 shares of the company’s stock valued at $9,176,000 after purchasing an additional 257,238 shares during the last quarter. Choreo LLC boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 193.5% in the fourth quarter. Choreo LLC now owns 18,571 shares of the company’s stock valued at $439,000 after acquiring an additional 12,244 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 92.5% in the fourth quarter. Truist Financial Corp now owns 68,350 shares of the company’s stock valued at $1,619,000 after acquiring an additional 32,844 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 1.1%

FNDX opened at $23.98 on Friday. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $25.17. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 17.98 and a beta of 0.95. The business has a 50 day moving average of $22.90 and a 200-day moving average of $23.78.

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.