Comerica Bank Boosts Holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Comerica Bank grew its position in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 116.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,820 shares of the company’s stock after purchasing an additional 5,820 shares during the period. Comerica Bank’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $256,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 197.5% in the fourth quarter. Brookstone Capital Management now owns 19,409 shares of the company’s stock worth $460,000 after buying an additional 12,884 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 214.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 13,350 shares of the company’s stock worth $316,000 after buying an additional 9,110 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 242.8% in the fourth quarter. Park Avenue Securities LLC now owns 116,006 shares of the company’s stock worth $2,747,000 after buying an additional 82,167 shares during the last quarter. 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 worth $30,000 after buying an additional 1,093 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 231.8% in the fourth quarter. Carnegie Investment Counsel now owns 32,968 shares of the company’s stock worth $781,000 after buying an additional 23,032 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.8%

Shares of NYSEARCA:FNDX opened at $24.01 on Friday. The company has a fifty day simple moving average of $22.88 and a 200 day simple moving average of $23.85. The firm has a market cap of $17.64 billion, a PE ratio of 18.51 and a beta of 0.95. Schwab Fundamental U.S. Large Company Index ETF has a 12-month low of $20.41 and a 12-month high of $25.17.

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

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a $0.1057 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is a positive change 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.