Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Hits New 52-Week Low – Here’s Why

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)’s share price reached a new 52-week low on Monday . The stock traded as low as $20.41 and last traded at $20.47, with a volume of 434797 shares changing hands. The stock had previously closed at $21.35.

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

The company’s 50-day moving average price is $23.89 and its 200-day moving average price is $24.09. The company has a market cap of $16.44 billion, a P/E ratio of 16.72 and a beta of 0.95.

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

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1057 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This is a boost from Schwab Fundamental U.S. Large Company Index ETF’s previous dividend of $0.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. IAG Wealth Partners LLC increased its stake in Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the 4th quarter. IAG Wealth Partners LLC now owns 1,110 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the last quarter. Adirondack Trust Co. increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 200.0% in the fourth quarter. Adirondack Trust Co. now owns 1,155 shares of the company’s stock valued at $27,000 after acquiring an additional 770 shares during the last quarter. WealthShield Partners LLC raised its holdings in Schwab Fundamental U.S. Large Company Index ETF by 201.1% during the fourth quarter. WealthShield Partners LLC now owns 1,340 shares of the company’s stock worth $32,000 after acquiring an additional 895 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 49.0% in the third quarter. Glass Jacobson Investment Advisors llc now owns 2,957 shares of the company’s stock valued at $212,000 after purchasing an additional 973 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 700.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,249 shares of the company’s stock worth $30,000 after purchasing an additional 1,093 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.