Schwab Fundamental U.S. Large Company Index ETF Stock Scheduled to Split on Friday, October 11th (NYSEARCA:FNDX)

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) shares are scheduled to split on Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly created shares will be issued to shareholders after the closing bell on Thursday, October 10th.

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

Shares of FNDX stock opened at $71.70 on Monday. Schwab Fundamental U.S. Large Company Index ETF has a twelve month low of $53.32 and a twelve month high of $71.90. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The business’s fifty day moving average is $69.54 and its 200 day moving average is $67.67.

Institutional Investors Weigh In On Schwab Fundamental U.S. Large Company Index ETF

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 276.0% in the first quarter. Geneos Wealth Management Inc. now owns 391 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. Able Wealth Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the fourth quarter valued at $28,000. Palisade Asset Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the first quarter valued at $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the second quarter valued at $41,000. Finally, Sound Income Strategies LLC boosted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 232.1% during the first quarter. Sound Income Strategies LLC now owns 651 shares of the company’s stock valued at $44,000 after buying an additional 455 shares during the last quarter.

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.