Salem Investment Counselors Inc. Acquires 41,579 Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Salem Investment Counselors Inc. boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 203.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,029 shares of the company’s stock after buying an additional 41,579 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Castleview Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF in the 3rd quarter worth $32,000. Global Wealth Strategies & Associates raised its stake in shares of 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 buying an additional 1,156 shares during the period. Indiana Trust & Investment Management Co purchased a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at about $50,000. Marquette Asset Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company Index ETF during the 3rd quarter valued at approximately $71,000. Finally, Sound Income Strategies LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 526.5% in the 3rd quarter. Sound Income Strategies LLC now owns 1,228 shares of the company’s stock worth $88,000 after acquiring an additional 1,032 shares in the last quarter.

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

Shares of NYSEARCA:FNDX opened at $23.65 on Tuesday. The company has a market capitalization of $5.42 billion, a P/E ratio of 17.79 and a beta of 0.84. Schwab Fundamental U.S. Large Company Index ETF has a 1-year low of $20.21 and a 1-year high of $25.17. The firm’s 50 day simple moving average is $24.32 and its two-hundred day simple moving average is $23.63.

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.