Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Sees Strong Trading Volume – What’s Next?

Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) saw unusually-strong trading volume on Thursday . Approximately 5,524,824 shares were traded during mid-day 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 5.7 %

The business has a 50 day moving average price of $24.11 and a two-hundred day moving average price of $24.14. The stock has a market cap of $15.65 billion, a P/E ratio of 18.62 and a beta of 1.00.

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

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

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

Several hedge funds have recently modified their holdings of the stock. IAG Wealth Partners LLC grew its holdings in 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 valued at $26,000 after buying an additional 740 shares in the last quarter. Adirondack Trust Co. grew its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after purchasing an additional 770 shares in the last quarter. WealthShield Partners LLC increased its position in Schwab Fundamental U.S. Large Company Index ETF by 201.1% in 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 during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Schwab Fundamental U.S. Large Company Index ETF by 49.0% during the third quarter. Glass Jacobson Investment Advisors llc now owns 2,957 shares of the company’s stock valued at $212,000 after purchasing an additional 973 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the fourth 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 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.