Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sees Strong Trading Volume – Here’s Why

Shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw an uptick in trading volume on Monday . 3,239,108 shares changed hands during mid-day trading, an increase of 232% from the previous session’s volume of 976,828 shares.The stock last traded at $36.1950 and had previously closed at $36.42.

Schwab Fundamental U.S. Small Company ETF Stock Down 0.5%

The firm has a market capitalization of $8.67 billion, a P/E ratio of 17.12 and a beta of 1.03. The stock has a fifty day moving average of $37.43 and a 200-day moving average of $35.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNDA. Highland Investment Advisors LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF during the second quarter worth $27,000. Osbon Capital Management LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth approximately $28,000. Compass Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the second quarter valued at approximately $33,000. Western Wealth Management LLC acquired a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 1st quarter worth approximately $45,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth $50,000.

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.