Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Reaches New 52-Week High – Here’s Why

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDXGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $32.50 and last traded at $32.48, with a volume of 66396 shares changing hands. The stock had previously closed at $32.44.

Schwab Fundamental U.S. Large Company ETF Price Performance

The business’s 50 day simple moving average is $31.37 and its 200-day simple moving average is $29.86. The stock has a market capitalization of $27.41 billion, a P/E ratio of 17.86 and a beta of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. TradeWell Securities LLC. acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $346,153,000. Keybank National Association OH grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% during the 4th quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock worth $225,618,000 after buying an additional 8,266,612 shares during the period. Captrust Financial Advisors grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 25.7% during the 4th quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock worth $582,113,000 after buying an additional 4,370,263 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock valued at $11,249,790,000 after acquiring an additional 4,241,879 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock valued at $68,805,000 after acquiring an additional 2,448,747 shares during the last quarter.

About Schwab Fundamental U.S. Large Company ETF

(Get Free Report)

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.

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