TIAA Trust National Association Takes $329,000 Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

TIAA Trust National Association acquired a new position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,890 shares of the company’s stock, valued at approximately $329,000.

Several other institutional investors also recently bought and sold shares of FNDX. Brookstone Capital Management grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% during the 4th quarter. Brookstone Capital Management now owns 19,409 shares of the company’s stock worth $460,000 after buying an additional 12,884 shares in the last quarter. Destination Wealth Management purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth about $209,000. Blue Trust Inc. grew its holdings in Schwab Fundamental U.S. Large Company Index ETF by 12,276.7% during the 4th quarter. Blue Trust Inc. now owns 5,322 shares of the company’s stock worth $126,000 after acquiring an additional 5,279 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Schwab Fundamental U.S. Large Company Index ETF by 204.1% during the 4th 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 period. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 91,770 shares of the company’s stock valued at $6,585,000 after purchasing an additional 2,490 shares in the last quarter.

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

Shares of FNDX opened at $23.38 on Friday. The stock has a market capitalization of $17.14 billion, a PE ratio of 18.62 and a beta of 1.00. The company has a 50 day moving average price of $24.27 and a 200-day moving average price of $24.15. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $21.25 and a fifty-two week high of $25.17.

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

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

Schwab Fundamental U.S. Large Company Index 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.