Meridian Investment Counsel Inc. Increases Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Meridian Investment Counsel Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 187.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,424 shares of the company’s stock after acquiring an additional 7,450 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 16.6% during the 3rd quarter. FMR LLC now owns 85,753 shares of the company’s stock valued at $6,154,000 after purchasing an additional 12,239 shares during the period. Townsquare Capital LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 49.4% during the third quarter. Townsquare Capital LLC now owns 5,985 shares of the company’s stock valued at $429,000 after acquiring an additional 1,980 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth about $108,000. HighTower Advisors LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 4.2% during the third quarter. HighTower Advisors LLC now owns 515,495 shares of the company’s stock worth $37,016,000 after purchasing an additional 20,884 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 14.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 22,801 shares of the company’s stock valued at $1,636,000 after purchasing an additional 2,834 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 1.0 %

NYSEARCA FNDX opened at $23.61 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $21.25 and a 12 month high of $25.17. The stock’s 50 day moving average is $24.26 and its 200 day moving average is $24.17. The stock has a market cap of $17.31 billion, a PE ratio of 18.62 and a beta of 1.00.

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

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.1057 per share. This is a boost from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was 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.