Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sets New 1-Year High – Here’s Why

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.41 and last traded at $36.38, with a volume of 44438 shares. The stock had previously closed at $36.22.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.2%

The company’s fifty day moving average is $34.43 and its 200-day moving average is $33.35. The firm has a market capitalization of $10.42 billion, a P/E ratio of 17.12 and a beta of 1.05.

Institutional Trading of Schwab Fundamental U.S. Small Company ETF

A number of hedge funds have recently bought and sold shares of FNDA. AlphaCore Capital LLC increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 2.2% during the 3rd quarter. AlphaCore Capital LLC now owns 917,082 shares of the exchange traded fund’s stock worth $28,576,000 after purchasing an additional 19,517 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 53.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 44,419 shares of the exchange traded fund’s stock worth $1,415,000 after purchasing an additional 15,532 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 3rd quarter worth about $512,000. Savant Capital LLC increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 50.6% during the 3rd quarter. Savant Capital LLC now owns 304,075 shares of the exchange traded fund’s stock worth $9,475,000 after purchasing an additional 102,215 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 5.3% during the 3rd quarter. MAI Capital Management now owns 339,209 shares of the exchange traded fund’s stock worth $10,570,000 after purchasing an additional 17,214 shares in the last quarter.

Schwab Fundamental U.S. Small Company ETF Company 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.