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

Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $33.09 and last traded at $33.03, with a volume of 300,366 shares traded. The stock had previously closed at $32.57.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The firm has a market cap of $28.83 billion, a P/E ratio of 17.86 and a beta of 0.87. The company’s 50 day moving average is $32.32 and its 200 day moving average is $30.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 0.7% during the 3rd quarter. Root Financial Partners LLC now owns 44,101 shares of the company’s stock valued at $1,388,000 after acquiring an additional 308 shares in the last quarter. Asset Advisory Group Inc. grew its position in Schwab Fundamental U.S. Large Company ETF by 0.4% during the 3rd quarter. Asset Advisory Group Inc. now owns 82,013 shares of the company’s stock worth $2,581,000 after acquiring an additional 342 shares during the last quarter. Nabity Jensen Investment Management Inc increased its holdings in Schwab Fundamental U.S. Large Company ETF by 0.5% in the 3rd quarter. Nabity Jensen Investment Management Inc now owns 64,971 shares of the company’s stock worth $2,045,000 after purchasing an additional 347 shares in the last quarter. Plan A Wealth LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 1.6% in the 2nd quarter. Plan A Wealth LLC now owns 22,772 shares of the company’s stock worth $708,000 after purchasing an additional 361 shares in the last quarter. Finally, NovaPoint Capital LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 4.6% in the 3rd quarter. NovaPoint Capital LLC now owns 10,321 shares of the company’s stock worth $325,000 after purchasing an additional 453 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.