Summit Financial Wealth Advisors LLC Invests $203,000 in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Summit Financial Wealth Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,304 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also added to or reduced their stakes in FNDX. IAG Wealth Partners LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock worth $26,000 after buying an additional 740 shares during the period. Adirondack Trust Co. boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after acquiring an additional 770 shares during the last quarter. WealthShield Partners LLC increased its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock valued at $32,000 after purchasing an additional 895 shares during the period. Pinnacle Bancorp Inc. raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after purchasing an additional 1,093 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 1,731 shares of the company’s stock worth $41,000 after purchasing an additional 1,156 shares during the period.

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

Shares of FNDX traded down $0.56 during trading hours on Thursday, hitting $21.91. 947,052 shares of the stock were exchanged, compared to its average volume of 1,808,199. The firm has a market capitalization of $16.03 billion, a P/E ratio of 16.72 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a fifty-two week low of $20.41 and a fifty-two week high of $25.17. The business has a 50-day moving average of $23.80 and a 200-day moving average of $24.07.

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

The firm 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. The ex-dividend date of this dividend was 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 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.