Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 52-Week High – Should You Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.72 and last traded at $31.69, with a volume of 130370 shares changing hands. The stock had previously closed at $31.59.

Schwab Fundamental U.S. Large Company ETF Price Performance

The firm has a market capitalization of $26.34 billion, a P/E ratio of 17.86 and a beta of 0.87. The firm’s 50 day moving average is $31.07 and its two-hundred day moving average is $29.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. TradeWell Securities LLC. bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at about $346,153,000. Keybank National Association OH grew 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 purchasing an additional 8,266,612 shares during the period. Captrust Financial Advisors grew its holdings in 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 purchasing an additional 4,370,263 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 4,241,879 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 buying an additional 2,448,747 shares during 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.