Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Reaches New 52-Week High – Here’s Why

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.33 and last traded at $51.15, with a volume of 11931 shares. The stock had previously closed at $50.86.

Schwab Fundamental International Small Equity ETF Stock Up 0.7%

The firm has a market cap of $3.17 billion, a PE ratio of 13.87 and a beta of 0.75. The stock’s fifty day simple moving average is $49.13 and its two-hundred day simple moving average is $48.75.

Institutional Investors Weigh In On Schwab Fundamental International Small Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new position in shares of Schwab Fundamental International Small Equity ETF during the second quarter valued at $26,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Schwab Fundamental International Small Equity ETF during the fourth quarter valued at approximately $33,000. Ares Financial Consulting LLC purchased a new position in Schwab Fundamental International Small Equity ETF in the 4th quarter worth approximately $35,000. Palisade Asset Management LLC bought a new position in Schwab Fundamental International Small Equity ETF in the 3rd quarter valued at approximately $43,000. Finally, US Bancorp DE lifted its position in Schwab Fundamental International Small Equity ETF by 1,623.3% in the 3rd quarter. US Bancorp DE now owns 1,034 shares of the company’s stock valued at $46,000 after acquiring an additional 974 shares in the last quarter.

About Schwab Fundamental International Small Equity ETF

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.