Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – Here’s What Happened

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high on Monday . The stock traded as high as $33.42 and last traded at $33.4150, with a volume of 703847 shares trading hands. The stock had previously closed at $33.33.

Schwab Fundamental U.S. Small Company ETF Stock Performance

The stock has a 50-day simple moving average of $31.49 and a two-hundred day simple moving average of $30.83. The firm has a market cap of $9.50 billion, a PE ratio of 17.12 and a beta of 1.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new position in Schwab Fundamental U.S. Small Company ETF in the 3rd quarter worth $28,000. Salomon & Ludwin LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 110.7% in the second quarter. Salomon & Ludwin LLC now owns 982 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 516 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 3rd quarter worth approximately $38,000. Atlantic Union Bankshares Corp bought a new position in shares of Schwab Fundamental U.S. Small Company ETF during the second quarter valued at approximately $35,000. Finally, PFS Partners LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF during the third quarter valued at approximately $39,000.

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.