Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 12-Month High – Here’s Why

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.52 and last traded at $28.1590, with a volume of 864500 shares traded. The stock had previously closed at $28.28.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.1%

The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The company has a 50 day moving average price of $27.59 and a 200 day moving average price of $26.46.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paladin Advisory Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 2nd quarter valued at about $25,000. Mid American Wealth Advisory Group Inc. acquired a new position in Schwab Fundamental U.S. Large Company ETF in the second quarter valued at approximately $37,000. Capital Investment Advisory Services LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 82.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock valued at $37,000 after acquiring an additional 615 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $39,000. Finally, Bogart Wealth LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 91.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,626 shares of the company’s stock worth $43,000 after acquiring an additional 777 shares during the period.

Schwab Fundamental U.S. Large Company 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.