IHT Wealth Management LLC Buys 41,872 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

IHT Wealth Management LLC raised its stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 181.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,892 shares of the company’s stock after buying an additional 41,872 shares during the period. IHT Wealth Management LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FNDX. Charles Schwab Investment Management Inc. grew its position in Schwab Fundamental U.S. Large Company Index ETF by 201.0% in 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 in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 225.0% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock worth $246,015,000 after purchasing an additional 7,192,613 shares in the last quarter. McAdam LLC increased its position in shares of 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 purchasing an additional 6,193,223 shares during the last quarter. Steele Capital Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after buying an additional 3,993,372 shares in the last quarter. Finally, Glassman Wealth Services lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 200.8% in the 4th 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 last quarter.

Schwab Fundamental U.S. Large Company Index ETF Price Performance

Shares of FNDX opened at $22.09 on Wednesday. The firm has a market cap of $16.17 billion, a P/E ratio of 16.72 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 1 year low of $20.41 and a 1 year high of $25.17. The stock has a 50 day simple moving average of $23.33 and a two-hundred day simple moving average of $23.96.

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

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.1057 per share. The ex-dividend date was Wednesday, March 26th. This is a positive change 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.