Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Hits New 52-Week High – What’s Next?

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.33 and last traded at $25.33, with a volume of 233 shares traded. The stock had previously closed at $24.96.

Schwab Fundamental U.S. Large Company Index ETF Stock Down 0.2 %

The company’s 50-day moving average price is $24.24 and its 200-day moving average price is $23.26. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84.

Institutional Trading of Schwab Fundamental U.S. Large Company Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock valued at $333,059,000 after acquiring an additional 313,382 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 18.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock valued at $229,383,000 after acquiring an additional 501,854 shares in the last quarter. McAdam LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 6.0% in the third quarter. McAdam LLC now owns 2,916,821 shares of the company’s stock valued at $209,311,000 after acquiring an additional 165,937 shares in the last quarter. Steele Capital Management Inc. increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 0.5% in the third quarter. Steele Capital Management Inc. now owns 1,985,873 shares of the company’s stock valued at $142,506,000 after purchasing an additional 9,950 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 0.7% in the second quarter. Glassman Wealth Services now owns 1,490,577 shares of the company’s stock valued at $99,839,000 after purchasing an additional 9,662 shares during the last quarter.

About Schwab Fundamental U.S. Large Company Index 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.