Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sets New 12-Month High – Here’s Why

Shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) hit a new 52-week high during trading on Wednesday . The company traded as high as $36.41 and last traded at $36.38, with a volume of 44438 shares trading hands. The stock had previously closed at $36.22.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.4%

The business’s 50-day moving average is $34.28 and its two-hundred day moving average is $33.27. The stock has a market capitalization of $10.43 billion, a PE ratio of 17.12 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Phillips Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter valued at about $26,000. Russell Investments Group Ltd. lifted its position in Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Schwab Fundamental U.S. Small Company ETF in the 3rd quarter worth approximately $28,000. Osbon Capital Management LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC grew its position in Schwab Fundamental U.S. Small Company ETF by 214.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 654 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.