Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 1-Year High – Still a Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.50 and last traded at $32.48, with a volume of 66396 shares changing hands. The stock had previously closed at $32.44.

Schwab Fundamental U.S. Large Company ETF Price Performance

The company’s 50 day simple moving average is $31.37 and its 200 day simple moving average is $29.86. The stock has a market cap of $27.41 billion, a P/E ratio of 17.86 and a beta of 0.87.

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

A number of large investors have recently made changes to their positions in the company. TradeWell Securities LLC. acquired a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $346,153,000. Keybank National Association OH lifted its holdings in 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 grew its stake in Schwab Fundamental U.S. Large Company ETF by 25.7% in the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock valued at $582,113,000 after acquiring an additional 4,370,263 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Schwab Fundamental U.S. Large Company ETF by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock valued at $11,249,790,000 after acquiring an additional 4,241,879 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% in 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.

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.