Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 12-Month High – What’s Next?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDXGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $31.00 and last traded at $30.96, with a volume of 2497672 shares. The stock had previously closed at $30.92.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The stock has a 50 day moving average price of $29.23 and a two-hundred day moving average price of $28.33. The company has a market capitalization of $26.66 billion, a PE ratio of 17.86 and a beta of 0.88.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FNDX. Revolve Wealth Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth about $719,000. AQR Capital Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the 1st quarter worth about $739,000. Jane Street Group LLC raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% during the 1st quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after purchasing an additional 25,267 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock worth $661,000 after purchasing an additional 645 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock worth $418,000 after purchasing an additional 16,792 shares in 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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