Riverchase Wealth Management LLC Acquires Shares of 18,894 Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Riverchase Wealth Management LLC bought a new position in shares of Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,894 shares of the exchange traded fund’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capasso Planning Partners LLC increased its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 10.6% during the third quarter. Capasso Planning Partners LLC now owns 5,428 shares of the exchange traded fund’s stock worth $323,000 after buying an additional 521 shares in the last quarter. American Capital Advisory LLC increased its holdings in Schwab Fundamental U.S. Small Company Index ETF by 101.1% in the 4th quarter. American Capital Advisory LLC now owns 879 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 442 shares in the last quarter. Brookstone Capital Management raised its position in Schwab Fundamental U.S. Small Company Index ETF by 45.9% in the fourth quarter. Brookstone Capital Management now owns 11,282 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 3,547 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Schwab Fundamental U.S. Small Company Index ETF by 100.0% in the 4th quarter. Bleakley Financial Group LLC now owns 7,048 shares of the exchange traded fund’s stock valued at $209,000 after buying an additional 3,524 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Schwab Fundamental U.S. Small Company Index ETF during the third quarter valued at $1,122,000.

Schwab Fundamental U.S. Small Company Index ETF Price Performance

Shares of Schwab Fundamental U.S. Small Company Index ETF stock opened at $27.88 on Friday. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 17.55 and a beta of 1.22. The stock’s 50-day moving average is $29.28 and its 200 day moving average is $29.90. Schwab Fundamental U.S. Small Company Index ETF has a one year low of $26.38 and a one year high of $32.71.

Schwab Fundamental U.S. Small Company Index ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a $0.051 dividend. The ex-dividend date is Wednesday, March 26th.

Schwab Fundamental U.S. Small Company Index 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.