Kovitz Investment Group Partners LLC Purchases 15,915 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Kovitz Investment Group Partners LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 223.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,022 shares of the company’s stock after purchasing an additional 15,915 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% in 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 purchasing an additional 262,526,108 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in 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 acquiring an additional 7,192,613 shares in the last quarter. McAdam LLC increased 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 acquiring an additional 6,193,223 shares during the period. Steele Capital Management Inc. raised 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 valued at $141,589,000 after acquiring an additional 3,993,372 shares in the last quarter. Finally, Glassman Wealth Services boosted its holdings in shares of 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 purchasing an additional 3,014,069 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.2 %

Shares of NYSEARCA:FNDX opened at $22.87 on Friday. The business’s 50 day moving average is $23.03 and its 200 day moving average is $23.90. The stock has a market cap of $16.80 billion, a P/E ratio of 18.51 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $20.41 and a 52-week high of $25.17.

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

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1057 per share. This is an increase 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.

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.