Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 1-Year High – What’s Next?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s stock price hit a new 52-week high on Friday . The company traded as high as $35.53 and last traded at $35.52, with a volume of 210828 shares. The stock had previously closed at $34.69.

Schwab Fundamental U.S. Small Company ETF Price Performance

The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 17.12 and a beta of 1.04. The stock’s fifty day simple moving average is $33.57 and its two-hundred day simple moving average is $32.45.

Institutional Trading of Schwab Fundamental U.S. Small Company ETF

A number of institutional investors and hedge funds have recently modified their holdings of FNDA. Phillips Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth $26,000. Russell Investments Group Ltd. raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% during the fourth quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 410 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the third quarter worth $28,000. Osbon Capital Management LLC bought a new position in Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC increased 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 worth $31,000 after buying an additional 654 shares during the period.

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. FNDA was launched on Aug 15, 2013 and is managed by Charles Schwab.