Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sets New 12-Month High – Here’s Why

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.28 and last traded at $34.1380, with a volume of 998723 shares traded. The stock had previously closed at $33.36.

Schwab Fundamental U.S. Small Company ETF Stock Up 2.4%

The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 17.12 and a beta of 1.10. The stock has a 50 day moving average price of $31.90 and a 200 day moving average price of $31.04.

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

Several hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Schwab Fundamental U.S. Small Company ETF by 97.5% in the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock valued at $379,000 after acquiring an additional 6,299 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter worth $256,000. Royal Bank of Canada increased its holdings in Schwab Fundamental U.S. Small Company ETF by 58.3% in the first quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock valued at $2,852,000 after purchasing an additional 38,354 shares during the period. AQR Capital Management LLC bought a new position in Schwab Fundamental U.S. Small Company ETF during the 1st quarter worth $711,000. Finally, Goldman Sachs Group Inc. acquired a new position in Schwab Fundamental U.S. Small Company ETF during the 1st quarter worth about $274,000.

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.