Wellspring Financial Advisors LLC Grows Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Wellspring Financial Advisors LLC grew its position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 201.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,540 shares of the company’s stock after purchasing an additional 16,398 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FNDX. IAG Wealth Partners LLC increased its position in Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock valued at $26,000 after purchasing an additional 740 shares during the period. Adirondack Trust Co. boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after purchasing an additional 770 shares in the last quarter. WealthShield Partners LLC increased its holdings in 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 period. Glass Jacobson Investment Advisors llc raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 49.0% in the third quarter. Glass Jacobson Investment Advisors llc now owns 2,957 shares of the company’s stock worth $212,000 after buying an additional 973 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock valued at $30,000 after acquiring an additional 1,093 shares in the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 5.7 %

Shares of NYSEARCA:FNDX opened at $21.35 on Monday. The company has a market capitalization of $15.62 billion, a PE ratio of 16.72 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.74 and a 12-month high of $25.17. The business’s fifty day simple moving average is $24.11 and its 200-day simple moving average is $24.15.

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

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.1057 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is an increase from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11.

Schwab Fundamental U.S. Large Company Index ETF 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.