Financial Counselors Inc. Takes $416,000 Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Financial Counselors Inc. purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,547 shares of the company’s stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FNDX. Charles Schwab Investment Management Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after buying an additional 262,526,108 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 225.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock valued at $246,015,000 after acquiring an additional 7,192,613 shares during the last quarter. McAdam LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 212.3% during the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock worth $215,726,000 after acquiring an additional 6,193,223 shares during the period. Steele Capital Management Inc. boosted its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock worth $141,589,000 after purchasing an additional 3,993,372 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock valued at $333,059,000 after purchasing an additional 313,382 shares during the period.

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

NYSEARCA FNDX opened at $23.38 on Friday. The business’s fifty day moving average is $24.27 and its 200-day moving average is $24.15. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a one year low of $21.25 and a one year high of $25.17.

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

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a $0.1057 dividend. This is a positive change from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, March 26th.

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.