Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Sees Strong Trading Volume – Time to Buy?

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) saw an uptick in trading volume on Thursday . 5,524,824 shares changed hands during trading, an increase of 233% from the previous session’s volume of 1,656,872 shares.The stock last traded at $22.83 and had previously closed at $23.75.

Schwab Fundamental U.S. Large Company Index ETF Trading Down 5.7 %

The firm has a market capitalization of $15.65 billion, a P/E ratio of 18.62 and a beta of 1.00. The firm has a 50 day moving average price of $24.11 and a 200-day moving average price of $24.14.

Schwab Fundamental U.S. Large Company Index ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.1057 dividend. The ex-dividend date was Wednesday, March 26th. This is an increase from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,150,463 shares of the company’s stock worth $9,309,803,000 after buying an additional 262,526,108 shares during the period. Captrust Financial Advisors grew its position in Schwab Fundamental U.S. Large Company Index ETF by 221.9% in the 4th quarter. Captrust Financial Advisors now owns 14,941,376 shares of the company’s stock valued at $353,819,000 after acquiring an additional 10,300,064 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 225.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 10,389,148 shares of the company’s stock worth $246,015,000 after purchasing an additional 7,192,613 shares during the period. McAdam LLC lifted its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 212.3% during the fourth quarter. McAdam LLC now owns 9,110,044 shares of the company’s stock worth $215,726,000 after purchasing an additional 6,193,223 shares during the last quarter. Finally, Steele Capital Management Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. Steele Capital Management Inc. now owns 5,979,245 shares of the company’s stock valued at $141,589,000 after purchasing an additional 3,993,372 shares during the period.

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.