Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 52-Week High – Here’s Why

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $32.85 and last traded at $32.8150, with a volume of 292,313 shares. The stock had previously closed at $32.71.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.3%

The firm has a fifty day moving average price of $32.30 and a 200 day moving average price of $30.49. The firm has a market cap of $28.47 billion, a PE ratio of 17.86 and a beta of 0.88.

Hedge Funds Weigh In On Schwab Fundamental U.S. Large Company ETF

A number of institutional investors have recently bought and sold shares of FNDX. Keybank National Association OH raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 50.2% during the 1st quarter. Keybank National Association OH now owns 12,454,472 shares of the company’s stock valued at $346,857,000 after buying an additional 4,162,731 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,039,245 shares of the company’s stock valued at $218,921,000 after acquiring an additional 416,802 shares during the last quarter. Charles Schwab Trust Co grew its position in Schwab Fundamental U.S. Large Company ETF by 12.1% in the second quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock worth $112,169,000 after acquiring an additional 387,946 shares during the period. Cetera Investment Advisers grew its position in Schwab Fundamental U.S. Large Company ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 3,891,438 shares of the company’s stock worth $108,377,000 after acquiring an additional 108,569 shares during the period. Finally, Bank of America Corp DE grew its position in Schwab Fundamental U.S. Large Company ETF by 0.4% in the first quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock worth $87,567,000 after acquiring an additional 13,371 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.