Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Reaches New 52-Week High – Still a Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.74 and last traded at $32.65, with a volume of 846 shares changing hands. The stock had previously closed at $32.69.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The firm has a market cap of $27.56 billion, a P/E ratio of 17.86 and a beta of 0.87. The company’s 50 day moving average is $31.50 and its 200 day moving average is $29.98.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 1.4% during the fourth quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after purchasing an additional 381 shares in the last quarter. Capital Investment Counsel LLC boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.9% during the 1st quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock valued at $375,000 after acquiring an additional 381 shares during the last quarter. Godsey & Gibb Inc. raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 6.2% during the 4th quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock valued at $185,000 after buying an additional 399 shares in the last quarter. Assetmark Inc. increased its stake in Schwab Fundamental U.S. Large Company ETF by 2.7% during the fourth quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock worth $420,000 after acquiring an additional 408 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 2.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,022 shares of the company’s stock valued at $572,000 after purchasing an additional 425 shares during 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.