White Pine Investment CO Acquires 399,857 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

White Pine Investment CO lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 205.7% during the 4th quarter, Holdings Channel reports. The firm owned 594,292 shares of the company’s stock after purchasing an additional 399,857 shares during the quarter. Schwab Fundamental U.S. Large Company Index ETF comprises 3.8% of White Pine Investment CO’s holdings, making the stock its 3rd largest position. White Pine Investment CO’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $14,073,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock valued at $30,000 after purchasing an additional 1,093 shares during the period. Castleview Partners LLC acquired a new position in Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. bought a new position in Schwab Fundamental U.S. Large Company Index ETF in the fourth quarter worth approximately $36,000. Global Wealth Strategies & Associates boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 201.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 1,731 shares of the company’s stock worth $41,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Indiana Trust & Investment Management Co acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF in the third quarter valued at approximately $50,000.

Schwab Fundamental U.S. Large Company Index ETF Stock Up 0.9 %

Shares of NYSEARCA:FNDX opened at $24.59 on Wednesday. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $20.66 and a twelve month high of $25.17. The stock’s 50 day moving average is $24.29 and its 200-day moving average is $23.69. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84.

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.