In a significant financial maneuver, Kiker Wealth Management LLC has increased its holdings in the Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by an impressive 572.9% during the second quarter of 2023. This information was disclosed in the firm’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), revealing that Kiker now owns 2,160 shares of the ETF after purchasing an additional 1,839 shares in the quarter.
Kiker Wealth Management’s stake in the Schwab ETF is currently valued at approximately $53,000. This move follows a trend among institutional investors and hedge funds, several of which have recently adjusted their positions in the ETF.
Woodside Wealth Management LLC acquired a new stake in the Schwab Fundamental U.S. Large Company ETF during the first quarter, investing around $25,000. In a notable increase, Bridge Generations Wealth Management LLC expanded its holdings by 171.2%, now owning 1,169 shares worth $28,000 after adding 738 shares during the same period. Similarly, Key Financial Inc grew its stake by 79.5%, increasing its total to 1,346 shares valued at $32,000 after purchasing an additional 596 shares.
Moreover, Dagco Inc. and JFS Wealth Advisors LLC also entered the fray, each acquiring new stakes in the ETF valued at approximately $33,000 and $44,000 respectively.
Current Performance of Schwab ETF
As of Wednesday, shares of the Schwab Fundamental U.S. Large Company ETF opened at $26.18. The fund boasts a market capitalization of $20.57 billion, a price-to-earnings ratio of 17.86, and a beta of 1.00. Over the past year, the ETF has seen a low of $20.41 and a high of $26.66. Its 50-day moving average price stands at $25.84, while the 200-day moving average price is $24.43.
About the Schwab Fundamental U.S. Large Company ETF
The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is designed to track the performance of the Russell RAFI Large Company US index. This ETF utilizes a unique methodology that selects and weights companies based on fundamental factors such as sales, cash flow, and dividends or buybacks. Launched on August 15, 2013, it is managed by Charles Schwab.
For those interested in keeping up with institutional movements in the Schwab Fundamental U.S. Large Company ETF, resources such as HoldingsChannel.com provide comprehensive insights, including the latest 13F filings and insider trades. Additionally, subscribers can receive daily updates on news and analysts’ ratings related to the ETF through MarketBeat.com’s free newsletter.