94,631 Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Bought by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 94,631 shares of the company’s stock, valued at approximately $2,241,000. Schwab Fundamental U.S. Large Company Index ETF makes up about 1.7% of Riverchase Wealth Management LLC’s holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 262,526,108 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 225.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock worth $246,015,000 after buying an additional 7,192,613 shares during the last quarter. McAdam LLC boosted its holdings 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 valued at $215,726,000 after buying an additional 6,193,223 shares in the last quarter. Steele Capital Management Inc. grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in 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 during the last quarter. Finally, Captrust Financial Advisors raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 7.2% during the 3rd quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock worth $333,059,000 after acquiring an additional 313,382 shares in the last quarter.

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

Shares of FNDX opened at $23.76 on Friday. The firm has a fifty day moving average price of $24.29 and a 200 day moving average price of $24.15. The stock has a market cap of $17.42 billion, a PE ratio of 18.62 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $21.25 and a 1-year high of $25.17.

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

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be given a $0.1057 dividend. The ex-dividend date is 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.