Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – Still a Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDAGet Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as $37.79 and last traded at $37.74, with a volume of 732897 shares. The stock had previously closed at $37.46.

Schwab Fundamental U.S. Small Company ETF Price Performance

The company has a market cap of $10.82 billion, a P/E ratio of 17.12 and a beta of 1.03. The company has a fifty day simple moving average of $35.94 and a 200-day simple moving average of $34.16.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at $26,000. Russell Investments Group Ltd. raised its holdings in Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares during the period. Osbon Capital Management LLC acquired a new stake in Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 214.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 654 shares during the period. Finally, High Note Wealth LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at about $34,000.

About Schwab Fundamental U.S. Small Company ETF

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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.

Further Reading

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