Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 1-Year High – Should You Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) shares hit a new 52-week high on Thursday . The company traded as high as $27.45 and last traded at $27.4720, with a volume of 522574 shares trading hands. The stock had previously closed at $27.37.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.6%

The company has a market capitalization of $21.67 billion, a PE ratio of 17.86 and a beta of 0.93. The company’s 50 day moving average price is $26.65 and its 200-day moving average price is $25.61.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Midland Wealth Advisors LLC increased its stake in Schwab Fundamental U.S. Large Company ETF by 0.6% in the third quarter. Midland Wealth Advisors LLC now owns 66,619 shares of the company’s stock valued at $1,752,000 after purchasing an additional 397 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in Schwab Fundamental U.S. Large Company ETF by 6.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 6,724 shares of the company’s stock valued at $177,000 after buying an additional 412 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 2.1% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 20,597 shares of the company’s stock worth $542,000 after buying an additional 420 shares during the period. Townsend Asset Management Corp NC ADV boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 1.2% in the second quarter. Townsend Asset Management Corp NC ADV now owns 36,611 shares of the company’s stock worth $898,000 after acquiring an additional 436 shares in the last quarter. Finally, Mather Group LLC. grew its stake in Schwab Fundamental U.S. Large Company ETF by 2.9% in the second quarter. Mather Group LLC. now owns 16,680 shares of the company’s stock valued at $409,000 after acquiring an additional 468 shares during the period.

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.