Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Hits New 1-Year Low – Should You Sell?

Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) reached a new 52-week low on Monday . The company traded as low as $20.41 and last traded at $20.47, with a volume of 434797 shares. The stock had previously closed at $21.35.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 1.2 %

The company’s 50-day moving average is $24.11 and its two-hundred day moving average is $24.15. The stock has a market capitalization of $15.44 billion, a P/E ratio of 16.72 and a beta of 0.95.

Schwab Fundamental U.S. Large Company Index ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.1057 per share. The ex-dividend date was Wednesday, March 26th. This is a boost from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11.

Hedge Funds Weigh In On Schwab Fundamental U.S. Large Company Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNDX. Charles Schwab Investment Management Inc. boosted its position in Schwab Fundamental U.S. Large Company Index ETF by 201.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after acquiring an additional 262,526,108 shares during the period. Captrust Financial Advisors raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 221.9% during the fourth quarter. Captrust Financial Advisors now owns 14,941,376 shares of the company’s stock valued at $353,819,000 after purchasing an additional 10,300,064 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 225.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock worth $246,015,000 after purchasing an additional 7,192,613 shares during the period. McAdam LLC grew its position in Schwab Fundamental U.S. Large Company Index ETF by 212.3% in the 4th quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock valued at $215,726,000 after buying an additional 6,193,223 shares in the last quarter. Finally, Steele Capital Management Inc. increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the 4th quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after buying an additional 3,993,372 shares during the period.

Schwab Fundamental U.S. Large Company Index 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.