Mariner LLC Has $23.81 Million Stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Mariner LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 181.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,005,307 shares of the company’s stock after buying an additional 648,062 shares during the quarter. Mariner LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $23,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNDX. Savvy Advisors Inc. increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 255.4% in the fourth quarter. Savvy Advisors Inc. now owns 111,166 shares of the company’s stock worth $2,632,000 after purchasing an additional 79,886 shares during the period. Synovus Financial Corp increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 49.0% in the 4th quarter. Synovus Financial Corp now owns 176,829 shares of the company’s stock valued at $4,188,000 after buying an additional 58,175 shares during the period. Advisors Capital Management LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the 4th quarter. Advisors Capital Management LLC now owns 12,987 shares of the company’s stock valued at $308,000 after buying an additional 8,658 shares during the period. Sagespring Wealth Partners LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the 4th quarter valued at approximately $384,000. Finally, Townsquare Capital LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 245.9% during the 4th quarter. Townsquare Capital LLC now owns 20,700 shares of the company’s stock worth $490,000 after acquiring an additional 14,715 shares during the period.

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

Shares of NYSEARCA:FNDX opened at $21.88 on Thursday. 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 market capitalization of $16.01 billion, a price-to-earnings ratio of 16.72 and a beta of 0.95. The company’s 50 day simple moving average is $23.55 and its 200 day simple moving average is $24.01.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders 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 boost 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.