Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Reaches New 1-Year High – Here’s What Happened

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.20 and last traded at $28.1750, with a volume of 447755 shares traded. The stock had previously closed at $28.10.

Schwab Fundamental U.S. Large Company ETF Price Performance

The business has a 50-day moving average of $27.20 and a two-hundred day moving average of $26.21. The company has a market cap of $23.08 billion, a P/E ratio of 17.86 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FNDX. Capital Advisors Inc. OK lifted its position in Schwab Fundamental U.S. Large Company ETF by 7.0% during the fourth quarter. Capital Advisors Inc. OK now owns 21,155 shares of the company’s stock valued at $576,000 after acquiring an additional 1,376 shares during the last quarter. Arcadia Investment Advisors LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 637.1% during the fourth quarter. Arcadia Investment Advisors LLC now owns 336,039 shares of the company’s stock worth $9,144,000 after purchasing an additional 290,451 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.6% during the fourth quarter. Highline Wealth Partners LLC now owns 386,049 shares of the company’s stock worth $10,504,000 after purchasing an additional 9,719 shares in the last quarter. Foster & Motley Inc. lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.8% during the 4th quarter. Foster & Motley Inc. now owns 281,888 shares of the company’s stock valued at $7,670,000 after purchasing an additional 5,010 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 54.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 24,569 shares of the company’s stock worth $673,000 after purchasing an additional 8,635 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Company Profile

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.