Madison Investment Advisors LLC Takes Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Madison Investment Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,853 shares of the company’s stock, valued at approximately $1,488,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the fourth quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the period. Adirondack Trust Co. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% in 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 during the period. Pinnacle Bancorp Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock valued at $30,000 after buying an additional 1,093 shares during the period. WealthShield Partners LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock valued at $32,000 after buying an additional 895 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter valued at approximately $35,000.

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

Schwab Fundamental U.S. Large Company Index ETF stock opened at $23.66 on Friday. The business has a 50 day moving average of $24.29 and a 200-day moving average of $24.13. Schwab Fundamental U.S. Large Company Index ETF has a 1 year low of $21.25 and a 1 year high of $25.17. The company has a market capitalization of $17.35 billion, a P/E ratio of 18.62 and a beta of 1.00.

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.