Maridea Wealth Management LLC Takes $586,000 Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Maridea Wealth Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,744 shares of the company’s stock, valued at approximately $586,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter valued at about $127,000. FMR LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 16.6% in the third quarter. FMR LLC now owns 85,753 shares of the company’s stock valued at $6,154,000 after acquiring an additional 12,239 shares during the last quarter. Townsquare Capital LLC grew its position in Schwab Fundamental U.S. Large Company Index ETF by 49.4% in the third quarter. Townsquare Capital LLC now owns 5,985 shares of the company’s stock worth $429,000 after acquiring an additional 1,980 shares during the period. Icon Wealth Advisors LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF during the third quarter worth $108,000. Finally, Captrust Financial Advisors raised its position 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.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.6 %

Shares of NYSEARCA:FNDX opened at $23.38 on Friday. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00. 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 business has a 50-day moving average price of $24.27 and a 200 day moving average price of $24.15.

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

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.1057 dividend. This is an increase from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 26th.

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.