Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sets New 12-Month High – Should You Buy?

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $32.50 and last traded at $32.48, with a volume of 66396 shares. The stock had previously closed at $32.44.

Schwab Fundamental U.S. Large Company ETF Price Performance

The firm has a market capitalization of $27.40 billion, a P/E ratio of 17.86 and a beta of 0.87. The company has a fifty day moving average of $31.43 and a 200 day moving average of $29.92.

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

A number of institutional investors have recently modified their holdings of FNDX. Howe & Rusling Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.4% during the 4th quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after purchasing an additional 381 shares in the last quarter. Capital Investment Counsel LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 2.9% in the first quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock worth $375,000 after purchasing an additional 381 shares in the last quarter. Godsey & Gibb Inc. increased its holdings in Schwab Fundamental U.S. Large Company ETF by 6.2% in the fourth quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock worth $185,000 after purchasing an additional 399 shares in the last quarter. Assetmark Inc. lifted its stake in Schwab Fundamental U.S. Large Company ETF by 2.7% in the fourth quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock valued at $420,000 after buying an additional 408 shares during the period. Finally, Harbor Asset Planning Inc. lifted its stake in Schwab Fundamental U.S. Large Company ETF by 0.6% in the fourth quarter. Harbor Asset Planning Inc. now owns 67,597 shares of the company’s stock valued at $1,839,000 after buying an additional 423 shares during the period.

About Schwab Fundamental U.S. Large Company ETF

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.