Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 1-Year High – Here’s Why

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) shares hit a new 52-week high on Monday . The stock traded as high as $31.95 and last traded at $31.89, with a volume of 179051 shares. The stock had previously closed at $31.74.

Schwab Fundamental U.S. Large Company ETF Stock Up 1.2%

The company has a market capitalization of $27.33 billion, a PE ratio of 17.86 and a beta of 0.87. The stock’s fifty day simple moving average is $31.27 and its 200-day simple moving average is $29.74.

Institutional Investors Weigh In On Schwab Fundamental U.S. Large Company ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. TradeWell Securities LLC. acquired a new position in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $346,153,000. Keybank National Association OH grew its holdings in Schwab Fundamental U.S. Large Company ETF by 32,896.7% in the fourth quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock valued at $225,618,000 after purchasing an additional 8,266,612 shares during the last quarter. Captrust Financial Advisors grew its holdings in Schwab Fundamental U.S. Large Company ETF by 25.7% in the fourth quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock valued at $582,113,000 after purchasing an additional 4,370,263 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock valued at $11,249,790,000 after buying an additional 4,241,879 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock valued at $68,805,000 after buying an additional 2,448,747 shares in the last quarter.

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.