Bessemer Group Inc. Takes Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Bessemer Group Inc. purchased a new position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,124 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC raised its stake 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 valued at $26,000 after purchasing an additional 740 shares in the last quarter. Adirondack Trust Co. raised its stake in 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 buying an additional 770 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings 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 worth $30,000 after buying an additional 1,093 shares during the last quarter. WealthShield Partners LLC grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the 4th quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after acquiring an additional 895 shares in the last quarter. Finally, Oarsman Capital Inc. bought a new stake in Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at $32,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 1.5 %

Shares of NYSEARCA FNDX opened at $21.88 on Thursday. The stock has a market capitalization of $16.01 billion, a P/E ratio of 16.72 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 52-week low of $20.41 and a 52-week high of $25.17. The firm’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $24.01.

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

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