Meridian Investment Counsel Inc. purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 73,291 shares of the exchange traded fund’s stock, valued at approximately $2,565,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prairiewood Capital LLC grew its stake in Schwab Fundamental U.S. Small Company ETF by 3.2% in the first quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock worth $66,605,000 after purchasing an additional 63,840 shares during the period. Wealth Forward LLC lifted its position in Schwab Fundamental U.S. Small Company ETF by 91.0% during the third quarter. Wealth Forward LLC now owns 1,153,317 shares of the exchange traded fund’s stock valued at $40,366,000 after buying an additional 549,476 shares during the period. Riverpoint Wealth Management Holdings LLC lifted its position in Schwab Fundamental U.S. Small Company ETF by 1.3% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock valued at $37,547,000 after buying an additional 14,946 shares during the period. Solitude Financial Services lifted its position in Schwab Fundamental U.S. Small Company ETF by 3.0% during the first quarter. Solitude Financial Services now owns 1,029,893 shares of the exchange traded fund’s stock valued at $35,573,000 after buying an additional 30,300 shares during the period. Finally, Bank of America Corp DE lifted its position in Schwab Fundamental U.S. Small Company ETF by 1.4% during the first quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock valued at $29,189,000 after buying an additional 12,819 shares during the period.
Schwab Fundamental U.S. Small Company ETF Trading Down 1.5%
Shares of FNDA stock opened at $35.16 on Thursday. Schwab Fundamental U.S. Small Company ETF has a 12 month low of $29.31 and a 12 month high of $38.59. The stock has a market cap of $8.66 billion, a PE ratio of 17.12 and a beta of 1.05. The company’s fifty day moving average price is $36.62 and its 200-day moving average price is $36.26.
About Schwab Fundamental U.S. Small Company ETF
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.
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