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

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high on Thursday . The company traded as high as $28.42 and last traded at $28.3850, with a volume of 690928 shares changing hands. The stock had previously closed at $28.23.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.6%

The company has a market cap of $23.32 billion, a P/E ratio of 17.86 and a beta of 0.93. The stock’s 50 day moving average is $27.31 and its 200-day moving average is $26.31.

Institutional Investors Weigh In On Schwab Fundamental U.S. Large Company ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 3.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 402,245,815 shares of the company’s stock valued at $9,871,112,000 after purchasing an additional 12,903,364 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 4.4% in the 3rd quarter. Captrust Financial Advisors now owns 17,023,084 shares of the company’s stock valued at $447,707,000 after acquiring an additional 718,789 shares during the period. Boulay Financial Advisors LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.9% during the third quarter. Boulay Financial Advisors LLC now owns 8,772,604 shares of the company’s stock worth $230,719,000 after purchasing an additional 243,340 shares in the last quarter. McAdam LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 5.8% during the 3rd quarter. McAdam LLC now owns 8,751,118 shares of the company’s stock valued at $230,154,000 after purchasing an additional 482,945 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Schwab Fundamental U.S. Large Company ETF by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 8,113,872 shares of the company’s stock worth $199,151,000 after acquiring an additional 349,667 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.