Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Shares Acquired by Firestone Capital Management

Firestone Capital Management increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 195.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 748,908 shares of the company’s stock after acquiring an additional 495,747 shares during the period. Schwab Fundamental U.S. Large Company Index ETF comprises 4.4% of Firestone Capital Management’s investment portfolio, making the stock its 6th biggest position. Firestone Capital Management’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $17,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after purchasing an additional 262,526,108 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake 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 valued at $246,015,000 after buying an additional 7,192,613 shares during the period. McAdam LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% during the fourth 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 in the last quarter. Steele Capital Management Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock worth $141,589,000 after buying an additional 3,993,372 shares during the period. Finally, Glassman Wealth Services raised 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 valued at $106,910,000 after acquiring an additional 3,014,069 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.4 %

NYSEARCA FNDX opened at $22.71 on Tuesday. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $20.41 and a 52 week high of $25.17. The firm has a 50 day moving average of $23.14 and a two-hundred day moving average of $23.92. The stock has a market capitalization of $16.69 billion, a PE ratio of 18.51 and a beta of 0.95.

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 issued a $0.1057 dividend. 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.

About Schwab Fundamental U.S. Large Company Index ETF

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.