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

Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) reached a new 52-week high during trading on Monday . The stock traded as high as $24.95 and last traded at $24.95, with a volume of 894 shares changing hands. The stock had previously closed at $24.83.

Schwab Fundamental U.S. Large Company Index ETF Stock Performance

The firm’s 50-day moving average is $24.05 and its 200 day moving average is $23.13. The stock has a market cap of $5.73 billion, a PE ratio of 17.79 and a beta of 0.84.

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

A number of large investors have recently bought and sold shares of FNDX. O Shaughnessy Asset Management LLC raised its position in Schwab Fundamental U.S. Large Company Index ETF by 91.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,891 shares of the company’s stock worth $195,000 after buying an additional 1,383 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 11.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,610 shares of the company’s stock valued at $917,000 after acquiring an additional 1,420 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Schwab Fundamental U.S. Large Company Index ETF in the 1st quarter valued at about $58,000. Clear Point Advisors Inc. grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 4.7% in the 1st quarter. Clear Point Advisors Inc. now owns 19,774 shares of the company’s stock valued at $1,333,000 after acquiring an additional 883 shares during the last quarter. Finally, Cedar Point Capital Partners LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 2.1% in the 1st quarter. Cedar Point Capital Partners LLC now owns 149,574 shares of the company’s stock valued at $10,080,000 after acquiring an additional 3,040 shares during the last quarter.

Schwab Fundamental U.S. Large Company Index 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.