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

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.58 and last traded at $31.57, with a volume of 116533 shares trading hands. The stock had previously closed at $31.41.

Schwab Fundamental U.S. Large Company ETF Price Performance

The stock has a market cap of $26.27 billion, a P/E ratio of 17.86 and a beta of 0.87. The company has a fifty day moving average of $30.92 and a 200 day moving average of $29.32.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. TradeWell Securities LLC. acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at $346,153,000. Keybank National Association OH boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% during the 4th 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 holdings in shares of Schwab Fundamental U.S. Large Company ETF by 25.7% in the 4th quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock worth $582,113,000 after acquiring an additional 4,370,263 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock worth $11,249,790,000 after acquiring an additional 4,241,879 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% in the 4th 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 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.