Royal Bank of Canada Grows Position in Schwab Fundamental U.S. Small Company ETF $FNDA

Royal Bank of Canada lifted its position in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) by 68.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 141,749 shares of the exchange traded fund’s stock after purchasing an additional 57,549 shares during the period. Royal Bank of Canada’s holdings in Schwab Fundamental U.S. Small Company ETF were worth $4,597,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Phillips Financial Management LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at $26,000. Russell Investments Group Ltd. increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% in the fourth quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Osbon Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 654 shares during the last quarter. Finally, High Note Wealth LLC bought a new position in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at about $34,000.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.5%

Schwab Fundamental U.S. Small Company ETF stock opened at $38.44 on Friday. The firm has a market cap of $9.43 billion, a P/E ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $29.31 and a 1-year high of $38.54. The firm has a 50-day moving average of $37.38 and a 200-day moving average of $35.40.

Schwab Fundamental U.S. Small Company ETF Profile

The Schwab Fundamental U.S. Small Company Index ETF (FNDA) is an exchange-traded fund that is based on the Russell RAFI Small Company US index. The fund tracks a fundamentally selected and weighted Russell index of small firms based on adjusted sales, retained operation cash flow, and dividends plus buybacks. FNDA was launched on Aug 15, 2013 and is managed by Charles Schwab.