Meridian Investment Counsel Inc. Purchases 7,450 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Meridian Investment Counsel Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 187.5% during the 4th quarter, Holdings Channel reports. The fund owned 11,424 shares of the company’s stock after purchasing an additional 7,450 shares during the period. Meridian Investment Counsel Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during 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 acquiring an additional 262,526,108 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in 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 valued at $246,015,000 after buying an additional 7,192,613 shares during the period. McAdam LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 212.3% during 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 during the period. Steele Capital Management Inc. lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock worth $141,589,000 after buying an additional 3,993,372 shares during the last quarter. Finally, Glassman Wealth Services boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 200.8% during the fourth quarter. Glassman Wealth Services now owns 4,514,762 shares of the company’s stock worth $106,910,000 after buying an additional 3,014,069 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 1.0 %

Shares of FNDX opened at $23.61 on Tuesday. The company’s fifty day simple moving average is $24.26 and its 200-day simple moving average is $24.17. The company has a market cap of $17.31 billion, a P/E ratio of 18.62 and a beta of 1.00. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $21.25 and a twelve month high of $25.17.

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

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.1057 dividend. 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.