Wellspring Financial Advisors LLC Purchases 16,398 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Wellspring Financial Advisors LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 201.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,540 shares of the company’s stock after buying an additional 16,398 shares during the period. Wellspring Financial Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNDX. Charles Schwab Investment Management Inc. boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after acquiring an additional 262,526,108 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 225.0% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock worth $246,015,000 after purchasing an additional 7,192,613 shares in the last quarter. McAdam LLC grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the 4th quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock worth $215,726,000 after buying an additional 6,193,223 shares during the last quarter. Steele Capital Management Inc. increased its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after buying an additional 3,993,372 shares in the last quarter. Finally, Glassman Wealth Services boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.8% in the fourth quarter. Glassman Wealth Services now owns 4,514,762 shares of the company’s stock worth $106,910,000 after acquiring an additional 3,014,069 shares in the last quarter.

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

NYSEARCA FNDX opened at $21.35 on Monday. The stock’s fifty day moving average price is $24.11 and its 200-day moving average price is $24.15. The stock has a market cap of $15.62 billion, a P/E ratio of 16.72 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $20.74 and a 12 month high of $25.17.

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

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1057 per share. 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 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.