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

Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high during trading on Friday . The company traded as high as $26.56 and last traded at $26.59, with a volume of 265714 shares trading hands. The stock had previously closed at $26.43.

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

The business has a 50 day moving average price of $25.64 and a 200 day moving average price of $24.31. The company has a market capitalization of $20.63 billion, a P/E ratio of 17.86 and a beta of 1.00.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Woodside Wealth Management LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at approximately $25,000. Paladin Advisory Group LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 2nd quarter valued at approximately $25,000. Bridge Generations Wealth Management LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 171.2% in the 1st quarter. Bridge Generations Wealth Management LLC now owns 1,169 shares of the company’s stock valued at $28,000 after purchasing an additional 738 shares during the period. Key Financial Inc grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 79.5% in the 1st quarter. Key Financial Inc now owns 1,346 shares of the company’s stock valued at $32,000 after purchasing an additional 596 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at approximately $33,000.

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.