Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – What’s Next?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s stock price reached a new 52-week high on Friday . The stock traded as high as $34.68 and last traded at $34.6740, with a volume of 123550 shares. The stock had previously closed at $33.85.

Schwab Fundamental U.S. Small Company ETF Stock Performance

The firm has a fifty day moving average price of $32.69 and a 200 day moving average price of $31.38. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 17.12 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNDA. Empower Advisory Group LLC bought a new position in Schwab Fundamental U.S. Small Company ETF during the second quarter worth about $316,000. Avantax Advisory Services Inc. grew its position in shares of Schwab Fundamental U.S. Small Company ETF by 25.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 73,130 shares of the exchange traded fund’s stock worth $2,095,000 after purchasing an additional 14,861 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Schwab Fundamental U.S. Small Company ETF by 9.7% during the 2nd quarter. QRG Capital Management Inc. now owns 9,269 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 817 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 19.2% during the second quarter. Harbour Investments Inc. now owns 22,193 shares of the exchange traded fund’s stock worth $636,000 after purchasing an additional 3,569 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.9% in the second quarter. Apollon Wealth Management LLC now owns 91,908 shares of the exchange traded fund’s stock valued at $2,633,000 after buying an additional 1,730 shares in the last quarter.

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.