Peapack Gladstone Financial Corp Grows Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Peapack Gladstone Financial Corp lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 223.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,055 shares of the company’s stock after buying an additional 205,285 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.13% of Schwab Fundamental U.S. Large Company Index ETF worth $7,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management grew its holdings in 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 acquiring an additional 12,884 shares in the last quarter. Destination Wealth Management acquired a new position in Schwab Fundamental U.S. Large Company Index ETF in the third quarter worth about $209,000. Blue Trust Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 12,276.7% in the fourth quarter. Blue Trust Inc. now owns 5,322 shares of the company’s stock worth $126,000 after purchasing an additional 5,279 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 204.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,639 shares of the company’s stock valued at $726,000 after buying an additional 20,565 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 38.1% during the third quarter. Stifel Financial Corp now owns 10,269 shares of the company’s stock valued at $737,000 after buying an additional 2,834 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 5.7 %

Shares of FNDX opened at $21.35 on Monday. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $20.74 and a 52 week high of $25.17. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 16.72 and a beta of 0.95. The stock has a 50 day moving average of $24.11 and a 200-day moving average of $24.15.

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

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.1057 dividend. The ex-dividend date was Wednesday, March 26th. This is an increase 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.