Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Reaches New 52-Week High – Still a Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.36 and last traded at $31.32, with a volume of 1396836 shares changing hands. The stock had previously closed at $31.02.

Schwab Fundamental U.S. Large Company ETF Stock Performance

The company has a market capitalization of $26.96 billion, a P/E ratio of 17.86 and a beta of 0.87. The firm has a 50 day moving average price of $30.00 and a two-hundred day moving average price of $28.69.

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

Several large investors have recently modified their holdings of FNDX. Keenan LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at approximately $27,000. Resources Management Corp CT ADV bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth approximately $28,000. Valued Wealth Advisors LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter worth approximately $30,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock worth $37,000 after acquiring an additional 615 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.