LPL Financial LLC Increases Stock Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

LPL Financial LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 385.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,486,614 shares of the company’s stock after purchasing an additional 1,974,168 shares during the period. LPL Financial LLC owned about 1.09% of Schwab Fundamental U.S. Large Company Index ETF worth $58,883,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FNDX. Charles Schwab Investment Management Inc. increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after buying an additional 262,526,108 shares during the period. McAdam LLC increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% during the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock worth $215,726,000 after acquiring an additional 6,193,223 shares during the period. Steele Capital Management Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after acquiring an additional 3,993,372 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock valued at $333,059,000 after purchasing an additional 313,382 shares during the period. Finally, Glassman Wealth Services boosted its holdings 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 purchasing an additional 3,014,069 shares during the period.

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

Shares of NYSEARCA FNDX opened at $23.83 on Thursday. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00. The stock’s 50-day moving average is $24.30 and its two-hundred day moving average is $24.15. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $21.25 and a 1-year high of $25.17.

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

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be paid a dividend of $0.1057 per share. This is a positive change from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, March 26th.

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.