Summit Financial Wealth Advisors LLC Buys New Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Summit Financial Wealth Advisors LLC purchased a new position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,304 shares of the company’s stock, valued at approximately $203,000.

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

Schwab Fundamental U.S. Large Company Index ETF Trading Down 2.5 %

Shares of NYSEARCA:FNDX traded down $0.56 during mid-day trading on Thursday, hitting $21.91. 947,052 shares of the company traded hands, compared to its average volume of 1,808,199. The stock has a 50-day moving average price of $23.80 and a two-hundred day moving average price of $24.07. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.41 and a 12-month high of $25.17. The stock has a market cap 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 Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.1057 per share. This is a positive change from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 26th.

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.