Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Get Free Report)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as $33.09 and last traded at $33.03, with a volume of 300,366 shares. The stock had previously closed at $32.57.
Schwab Fundamental U.S. Large Company ETF Trading Up 1.7%
The company has a 50 day moving average of $32.32 and a 200-day moving average of $30.58. The firm has a market capitalization of $28.83 billion, a P/E ratio of 17.86 and a beta of 0.87.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in FNDX. Envestnet Asset Management Inc. raised its stake in Schwab Fundamental U.S. Large Company ETF by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,039,245 shares of the company’s stock worth $218,921,000 after acquiring an additional 416,802 shares in the last quarter. Steele Capital Management Inc. bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the third quarter worth about $202,347,000. Charles Schwab Trust Co lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 12.1% in the second quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock worth $112,169,000 after acquiring an additional 387,946 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 3,891,438 shares of the company’s stock worth $108,377,000 after acquiring an additional 108,569 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock valued at $87,567,000 after purchasing an additional 13,371 shares in the last quarter.
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.
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