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

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 $30.77 and last traded at $30.76, with a volume of 102704 shares trading hands. The stock had previously closed at $30.58.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.7%

The stock has a 50 day moving average of $29.00 and a 200 day moving average of $28.20. The company has a market capitalization of $26.53 billion, a price-to-earnings 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 hedge funds and other institutional investors have recently made changes to their positions in FNDX. Keenan LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth approximately $27,000. Resources Management Corp CT ADV acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth approximately $27,000. Ascentis Independent Advisors acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $28,000. Valued Wealth Advisors LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter worth approximately $30,000. Finally, Capital Investment Advisory Services LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock worth $37,000 after acquiring an additional 615 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.