Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Sets New 1-Year High – Should You Buy?

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $24.51 and last traded at $24.51, with a volume of 3767 shares changing hands. The stock had previously closed at $23.88.

Schwab Fundamental U.S. Large Company Index ETF Stock Performance

The firm has a 50-day moving average price of $23.69 and a 200 day moving average price of $22.86. The stock has a market capitalization of $5.64 billion, a P/E ratio of 17.79 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNDX. Charles Schwab Investment Advisory Inc. grew its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 1.9% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 127,923,658 shares of the company’s stock worth $8,620,775,000 after acquiring an additional 2,406,870 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 18.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock worth $229,383,000 after purchasing an additional 501,854 shares during the period. Captrust Financial Advisors grew its position in Schwab Fundamental U.S. Large Company Index ETF by 7.3% during the first quarter. Captrust Financial Advisors now owns 3,019,066 shares of the company’s stock valued at $203,455,000 after buying an additional 204,998 shares during the period. McAdam LLC raised its stake in shares of 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 worth $209,311,000 after buying an additional 165,937 shares during the period. Finally, Glassman Wealth Services lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 0.7% during the 2nd quarter. Glassman Wealth Services now owns 1,490,577 shares of the company’s stock valued at $99,839,000 after buying an additional 9,662 shares in 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.