Schaper Benz & Wise Investment Counsel Inc. WI Takes Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Schaper Benz & Wise Investment Counsel Inc. WI bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 14,585 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 262,526,108 shares during the last quarter. McAdam LLC grew its stake 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 worth $215,726,000 after buying an additional 6,193,223 shares during the last quarter. Steele Capital Management Inc. increased its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during 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 period. Glassman Wealth Services lifted its stake in Schwab Fundamental U.S. Large Company Index ETF by 200.8% in the fourth quarter. Glassman Wealth Services now owns 4,514,762 shares of the company’s stock valued at $106,910,000 after buying an additional 3,014,069 shares during the last quarter. Finally, Callan Capital LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 205.3% in the fourth quarter. Callan Capital LLC now owns 3,720,737 shares of the company’s stock valued at $88,107,000 after acquiring an additional 2,502,026 shares during the period.

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

Shares of Schwab Fundamental U.S. Large Company Index ETF stock opened at $24.03 on Friday. The firm’s fifty day simple moving average is $24.33 and its 200-day simple moving average is $24.12. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $21.25 and a 12 month high of $25.17. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 19.51 and a beta of 1.00.

About Schwab Fundamental U.S. Large Company Index ETF

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.