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

Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high during trading on Wednesday . The company traded as high as $27.02 and last traded at $26.9950, with a volume of 191511 shares traded. The stock had previously closed at $26.87.

Schwab Fundamental U.S. Large Company ETF Price Performance

The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The business has a fifty day moving average price of $26.41 and a 200 day moving average price of $25.31.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FNDX. CIBC Private Wealth Group LLC increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 7.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,306 shares of the company’s stock worth $2,112,000 after purchasing an additional 5,381 shares during the period. CIBC Bancorp USA Inc. bought a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at about $2,326,000. Urban Financial Advisory Corp raised its holdings in Schwab Fundamental U.S. Large Company ETF by 18.6% in the 3rd quarter. Urban Financial Advisory Corp now owns 702,603 shares of the company’s stock valued at $18,478,000 after acquiring an additional 110,028 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 0.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 299,485 shares of the company’s stock worth $7,876,000 after acquiring an additional 1,499 shares during the period. Finally, Asset Dedication LLC grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 283.5% during the 3rd quarter. Asset Dedication LLC now owns 9,803 shares of the company’s stock worth $258,000 after purchasing an additional 7,247 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.