Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 52-Week High – Time to Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.83 and last traded at $31.80, with a volume of 114964 shares. The stock had previously closed at $31.64.

Schwab Fundamental U.S. Large Company ETF Price Performance

The stock has a fifty day moving average of $31.12 and a 200 day moving average of $29.58. The firm has a market capitalization of $26.80 billion, a P/E ratio of 17.86 and a beta of 0.87.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Management Inc. raised its position in Schwab Fundamental U.S. Large Company ETF by 19.8% in the second quarter. Diversified Management Inc. now owns 45,475 shares of the company’s stock worth $1,414,000 after acquiring an additional 7,508 shares during the period. Charles Schwab Trust Co grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 12.1% during the 2nd quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock valued at $112,169,000 after acquiring an additional 387,946 shares during the period. KMG Fiduciary Partners LLC increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 0.9% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 71,330 shares of the company’s stock worth $2,218,000 after purchasing an additional 641 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 3.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 174,935 shares of the company’s stock worth $5,440,000 after purchasing an additional 5,675 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 2nd quarter worth approximately $263,000.

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.