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

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $33.09 and last traded at $33.03, with a volume of 300,366 shares changing hands. The stock had previously closed at $32.57.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The company has a market cap of $28.06 billion, a PE ratio of 17.86 and a beta of 0.87. The stock has a 50 day moving average of $32.32 and a 200-day moving average of $30.62.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital Advantage Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 19.6% during the 2nd quarter. Capital Advantage Inc. now owns 214,467 shares of the company’s stock worth $6,670,000 after purchasing an additional 35,081 shares during the period. InTrack Investment Management Inc increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 321.1% during the 2nd quarter. InTrack Investment Management Inc now owns 61,589 shares of the company’s stock worth $1,915,000 after purchasing an additional 46,962 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 3rd quarter valued at about $3,013,000. Wealthspire Retirement LLC lifted its position in Schwab Fundamental U.S. Large Company ETF by 22.5% in the first quarter. Wealthspire Retirement LLC now owns 954,774 shares of the company’s stock valued at $26,590,000 after buying an additional 175,175 shares during the last quarter. Finally, Stillwater Wealth Management Group lifted its position in Schwab Fundamental U.S. Large Company ETF by 17.1% in the third quarter. Stillwater Wealth Management Group now owns 275,654 shares of the company’s stock valued at $8,675,000 after buying an additional 40,321 shares during the last quarter.

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.