Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 1-Year High – Here’s Why

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.00 and last traded at $30.96, with a volume of 2497672 shares traded. The stock had previously closed at $30.92.

Schwab Fundamental U.S. Large Company ETF Price Performance

The company has a fifty day moving average of $29.35 and a 200-day moving average of $28.38. The firm has a market capitalization of $26.69 billion, a PE ratio of 17.86 and a beta of 0.88.

Institutional Trading of Schwab Fundamental U.S. Large Company ETF

Several hedge funds and other institutional investors have recently modified their holdings of FNDX. TradeWell Securities LLC. purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $346,153,000. Keybank National Association OH raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% during the fourth quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock worth $225,618,000 after acquiring an additional 8,266,612 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 25.7% during the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock worth $582,113,000 after acquiring an additional 4,370,263 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock worth $11,249,790,000 after acquiring an additional 4,241,879 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock worth $68,805,000 after acquiring an additional 2,448,747 shares in the last quarter.

About Schwab Fundamental U.S. Large Company 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.