Briggs Wealth Management Inc Invests $2 Million in Schwab Fundamental U.S. Large Company ETF $FNDX

Briggs Wealth Management Inc purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 73,318 shares of the company’s stock, valued at approximately $1,995,000. Schwab Fundamental U.S. Large Company ETF comprises 2.1% of Briggs Wealth Management Inc’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at $27,000. Capital Investment Advisory Services LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock valued at $37,000 after acquiring an additional 615 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at about $39,000. RHL Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at about $41,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at about $42,000.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.4%

Schwab Fundamental U.S. Large Company ETF stock opened at $31.05 on Friday. The firm has a market cap of $26.74 billion, a P/E ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $23.89 and a 1-year high of $31.56. The firm has a 50-day moving average of $30.25 and a 200-day moving average of $28.83.

About Schwab Fundamental U.S. Large Company 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.