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

Shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) hit a new 52-week high during trading on Friday . The company traded as high as $30.77 and last traded at $30.76, with a volume of 102704 shares trading hands. The stock had previously closed at $30.58.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.7%

The stock has a 50 day moving average price of $29.00 and a 200 day moving average price of $28.20. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Institutional Trading of Schwab Fundamental U.S. Large Company ETF

Hedge funds have recently made changes to their positions in the company. Keenan LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at about $27,000. Resources Management Corp CT ADV acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter valued at about $27,000. Ascentis Independent Advisors acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at about $28,000. Valued Wealth Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at about $30,000. Finally, Signature Resources Capital Management LLC boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 161.1% during the first quarter. Signature Resources Capital Management LLC now owns 1,316 shares of the company’s stock valued at $37,000 after purchasing an additional 812 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.