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

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $29.18 and last traded at $29.11, with a volume of 5185605 shares traded. The stock had previously closed at $29.14.

Schwab Fundamental U.S. Large Company ETF Price Performance

The stock’s 50 day simple moving average is $27.82 and its 200-day simple moving average is $26.65. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93.

Hedge Funds Weigh In On Schwab Fundamental U.S. Large Company ETF

A number of institutional investors have recently modified their holdings of the company. Paladin Advisory Group LLC bought a new position in Schwab Fundamental U.S. Large Company ETF in the 2nd quarter worth $25,000. Capital Investment Advisory Services LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock worth $37,000 after buying an additional 615 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth approximately $39,000. RHL Group LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at approximately $41,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the second quarter worth $37,000.

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.