Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Sees Large Volume Increase – Still a Buy?

Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) saw an uptick in trading volume on Thursday . 5,524,824 shares traded hands during trading, an increase of 233% from the previous session’s volume of 1,656,872 shares.The stock last traded at $22.83 and had previously closed at $23.75.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 4.6 %

The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 18.62 and a beta of 1.00. The company has a 50-day moving average price of $24.22 and a 200-day moving average price of $24.17.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1057 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This is a positive change 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 bought and sold shares of FNDX. IAG Wealth Partners LLC raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock worth $26,000 after buying an additional 740 shares in the last quarter. Adirondack Trust Co. increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% during the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after acquiring an additional 770 shares during the period. WealthShield Partners LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after purchasing an additional 895 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 49.0% in the third quarter. Glass Jacobson Investment Advisors llc now owns 2,957 shares of the company’s stock worth $212,000 after purchasing an additional 973 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock valued at $30,000 after purchasing an additional 1,093 shares in the last quarter.

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.