Northland Capital Management LLC Acquires 297,387 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Northland Capital Management LLC boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 199.5% in the fourth quarter, HoldingsChannel reports. The firm owned 446,423 shares of the company’s stock after purchasing an additional 297,387 shares during the period. Schwab Fundamental U.S. Large Company Index ETF makes up about 7.8% of Northland Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Northland Capital Management LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $10,571,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Trust Co increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.4% during the fourth quarter. Charles Schwab Trust Co now owns 2,708,289 shares of the company’s stock worth $64,132,000 after acquiring an additional 1,809,709 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 213.1% during the 4th quarter. Gemmer Asset Management LLC now owns 2,473,879 shares of the company’s stock valued at $58,581,000 after purchasing an additional 1,683,829 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter worth approximately $93,978,000. Kavar Capital Partners Group LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 217.6% in the fourth quarter. Kavar Capital Partners Group LLC now owns 1,392,480 shares of the company’s stock worth $32,974,000 after purchasing an additional 953,995 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 205.5% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,391,443 shares of the company’s stock valued at $32,949,000 after purchasing an additional 935,959 shares in the last quarter.

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

FNDX opened at $24.68 on Monday. Schwab Fundamental U.S. Large Company Index ETF has a 1 year low of $20.72 and a 1 year high of $25.17. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The firm’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $23.75.

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.