TIAA Trust National Association Purchases New Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

TIAA Trust National Association purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,890 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brookstone Capital Management raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% during the 4th quarter. Brookstone Capital Management now owns 19,409 shares of the company’s stock worth $460,000 after purchasing an additional 12,884 shares during the period. Destination Wealth Management purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth about $209,000. Blue Trust Inc. raised its position in Schwab Fundamental U.S. Large Company Index ETF by 12,276.7% in the fourth quarter. Blue Trust Inc. now owns 5,322 shares of the company’s stock worth $126,000 after acquiring an additional 5,279 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 204.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,639 shares of the company’s stock valued at $726,000 after acquiring an additional 20,565 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 2.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 91,770 shares of the company’s stock valued at $6,585,000 after acquiring an additional 2,490 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.6 %

NYSEARCA:FNDX opened at $23.38 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $21.25 and a 12 month high of $25.17. The firm’s 50 day moving average is $24.27 and its 200 day moving average is $24.15. The stock has a market capitalization of $17.14 billion, a PE ratio of 18.62 and a beta of 1.00.

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. Shareholders of record on Wednesday, March 26th will be paid a $0.1057 dividend. The ex-dividend date of this dividend is 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.