Brown Brothers Harriman & Co. Purchases Shares of 2,304 Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Brown Brothers Harriman & Co. acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,304 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC increased its position in Schwab Fundamental U.S. Large Company Index ETF by 310.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 70,358 shares of the company’s stock worth $1,666,000 after purchasing an additional 53,198 shares during the last quarter. Riverchase Wealth Management LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter worth about $2,241,000. Blair William & Co. IL increased its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 253.1% in the 4th quarter. Blair William & Co. IL now owns 26,703 shares of the company’s stock worth $632,000 after buying an additional 19,140 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 210.7% during the 4th quarter. Howe & Rusling Inc. now owns 22,268 shares of the company’s stock valued at $527,000 after buying an additional 15,100 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 304.9% in the 4th quarter. JPMorgan Chase & Co. now owns 137,073 shares of the company’s stock valued at $3,246,000 after acquiring an additional 103,216 shares during the last quarter.

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

Shares of NYSEARCA FNDX opened at $23.75 on Thursday. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $21.25 and a 1-year high of $25.17. The business’s 50 day moving average is $24.22 and its two-hundred day moving average is $24.17. The stock has a market capitalization of $17.41 billion, a P/E ratio of 18.62 and a beta of 1.00.

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

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.1057 per share. The ex-dividend date was Wednesday, March 26th. This is a positive change 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.