Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Reaches New 12-Month High at $71.28

Shares of Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.28 and last traded at $71.01, with a volume of 258471 shares trading hands. The stock had previously closed at $70.58.

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

The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The company has a 50 day moving average of $68.86 and a 200-day moving average of $67.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNDX. American Trust purchased a new position in Schwab Fundamental U.S. Large Company Index ETF in the 2nd quarter valued at approximately $10,218,000. Creekside Partners purchased a new stake in shares of Schwab Fundamental U.S. Large Company Index ETF during the second quarter worth $250,000. Cetera Investment Advisers raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 11.2% in the second quarter. Cetera Investment Advisers now owns 747,908 shares of the company’s stock valued at $50,095,000 after acquiring an additional 75,513 shares in the last quarter. Truist Financial Corp boosted its holdings in Schwab Fundamental U.S. Large Company Index ETF by 4.7% in the second quarter. Truist Financial Corp now owns 33,067 shares of the company’s stock valued at $2,215,000 after purchasing an additional 1,483 shares during the period. Finally, Next Capital Management LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 63.2% during the 2nd quarter. Next Capital Management LLC now owns 7,196 shares of the company’s stock worth $482,000 after purchasing an additional 2,787 shares in the last quarter.

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.