Sandy Spring Bank Buys 3,643 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Sandy Spring Bank boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 178.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,679 shares of the company’s stock after purchasing an additional 3,643 shares during the period. Sandy Spring Bank’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNDX. Charles Schwab Investment Management Inc. lifted its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after purchasing an additional 262,526,108 shares during the last quarter. McAdam LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the 4th quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after acquiring an additional 6,193,223 shares during the last quarter. Steele Capital Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% in the 4th 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 during the last quarter. Glassman Wealth Services lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.8% in the 4th quarter. Glassman Wealth Services now owns 4,514,762 shares of the company’s stock valued at $106,910,000 after acquiring an additional 3,014,069 shares during the last quarter. Finally, Callan Capital LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 205.3% in the 4th quarter. Callan Capital LLC now owns 3,720,737 shares of the company’s stock valued at $88,107,000 after acquiring an additional 2,502,026 shares during the last quarter.

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

Shares of FNDX opened at $23.66 on Friday. Schwab Fundamental U.S. Large Company Index ETF has a 52 week low of $21.25 and a 52 week high of $25.17. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00. The stock has a fifty day moving average of $24.29 and a 200-day moving average of $24.13.

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.