Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Reaches New 12-Month High – Here’s What Happened

Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high on Friday . The stock traded as high as $31.36 and last traded at $31.32, with a volume of 1396836 shares. The stock had previously closed at $31.02.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The company’s fifty day simple moving average is $29.94 and its two-hundred day simple moving average is $28.68.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNDX. Keenan LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $27,000. Resources Management Corp CT ADV acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $27,000. Ascentis Independent Advisors acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth $28,000. Valued Wealth Advisors LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth $30,000. Finally, Capital Investment Advisory Services LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 82.8% during the 4th 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 in 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.