Mengis Capital Management Inc. Trims Holdings in Schwab Fundamental U.S. Small Company ETF $FNDA

Mengis Capital Management Inc. lessened its holdings in shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,620 shares of the exchange traded fund’s stock after selling 799 shares during the period. Mengis Capital Management Inc.’s holdings in Schwab Fundamental U.S. Small Company ETF were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in Schwab Fundamental U.S. Small Company ETF by 8.4% during the 2nd quarter. IFP Advisors Inc now owns 66,874 shares of the exchange traded fund’s stock valued at $1,916,000 after purchasing an additional 5,203 shares during the period. Godsey & Gibb Inc. bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 2nd quarter worth approximately $55,000. Solitude Financial Services lifted its position in Schwab Fundamental U.S. Small Company ETF by 6.0% in the 2nd quarter. Solitude Financial Services now owns 1,027,320 shares of the exchange traded fund’s stock valued at $29,433,000 after acquiring an additional 57,939 shares in the last quarter. Gemmer Asset Management LLC lifted its position in Schwab Fundamental U.S. Small Company ETF by 2.2% in the 2nd quarter. Gemmer Asset Management LLC now owns 621,487 shares of the exchange traded fund’s stock valued at $17,806,000 after acquiring an additional 13,617 shares in the last quarter. Finally, Pflug Koory LLC bought a new position in Schwab Fundamental U.S. Small Company ETF in the 2nd quarter valued at approximately $49,000.

Schwab Fundamental U.S. Small Company ETF Trading Down 1.2%

Shares of FNDA opened at $30.84 on Friday. The firm has a market cap of $8.80 billion, a PE ratio of 17.12 and a beta of 1.19. The firm has a fifty day simple moving average of $30.83 and a two-hundred day simple moving average of $28.79. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $23.49 and a 1-year high of $32.71.

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.