Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Reaches New 12-Month High – Here’s Why

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) hit a new 52-week high on Monday . The company 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 company has a 50-day moving average of $24.08 and a 200-day moving average of $23.15. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84.

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

A number of institutional investors have recently modified their holdings of FNDX. Captrust Financial Advisors increased its position in Schwab Fundamental U.S. Large Company Index ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 4,641,312 shares of the company’s stock worth $333,059,000 after buying an additional 313,382 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in Schwab Fundamental U.S. Large Company Index ETF by 18.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 3,196,535 shares of the company’s stock valued at $229,383,000 after purchasing an additional 501,854 shares during the last quarter. McAdam LLC boosted its stake in Schwab Fundamental U.S. Large Company Index ETF by 6.0% during the 3rd quarter. McAdam LLC now owns 2,916,821 shares of the company’s stock valued at $209,311,000 after purchasing an additional 165,937 shares during the period. Steele Capital Management Inc. grew its position in Schwab Fundamental U.S. Large Company Index ETF by 0.5% in the 3rd quarter. Steele Capital Management Inc. now owns 1,985,873 shares of the company’s stock worth $142,506,000 after purchasing an additional 9,950 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 0.7% in the second quarter. Glassman Wealth Services now owns 1,490,577 shares of the company’s stock valued at $99,839,000 after purchasing an additional 9,662 shares during the period.

About Schwab Fundamental U.S. Large Company Index 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.