Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Reaches New 1-Year High – Time to Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) hit a new 52-week high during trading on Tuesday . The company traded as high as $48.39 and last traded at $48.19, with a volume of 2929611 shares traded. The stock had previously closed at $48.02.

Schwab Fundamental International Equity ETF Stock Performance

The firm’s 50 day moving average is $45.51 and its 200-day moving average is $43.58. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 12.54 and a beta of 0.79.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

A number of institutional investors have recently modified their holdings of the business. Auto Owners Insurance Co raised its holdings in Schwab Fundamental International Equity ETF by 788.6% in the 2nd quarter. Auto Owners Insurance Co now owns 8,353,000 shares of the company’s stock worth $333,828,000 after purchasing an additional 7,413,025 shares during the period. Corient Private Wealth LLC raised its stake in shares of Schwab Fundamental International Equity ETF by 81.4% during the 2nd quarter. Corient Private Wealth LLC now owns 5,203,830 shares of the company’s stock worth $208,257,000 after buying an additional 2,335,173 shares during the period. Captrust Financial Advisors lifted its position in shares of Schwab Fundamental International Equity ETF by 320.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,611,073 shares of the company’s stock valued at $104,495,000 after buying an additional 1,989,972 shares in the last quarter. AlphaCore Capital LLC grew its stake in Schwab Fundamental International Equity ETF by 28,780.4% in the 2nd quarter. AlphaCore Capital LLC now owns 1,710,588 shares of the company’s stock valued at $68,458,000 after acquiring an additional 1,704,665 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Schwab Fundamental International Equity ETF by 21.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,955,383 shares of the company’s stock worth $238,334,000 after acquiring an additional 1,056,916 shares in the last quarter.

About Schwab Fundamental International Equity ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.