Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Reaches New 1-Year High – Time to Buy?

Shares of Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.20 and last traded at $53.14, with a volume of 247171 shares trading hands. The stock had previously closed at $52.07.

Schwab Fundamental International Equity ETF Price Performance

The stock’s fifty day simple moving average is $50.12 and its 200-day simple moving average is $47.55. The company has a market capitalization of $23.73 billion, a P/E ratio of 12.54 and a beta of 0.69.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

A number of hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Schwab Fundamental International Equity ETF by 13.8% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 183,059 shares of the company’s stock valued at $7,864,000 after buying an additional 22,178 shares during the period. Dynamic Advisor Solutions LLC raised its position in Schwab Fundamental International Equity ETF by 3.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 713,497 shares of the company’s stock worth $32,257,000 after purchasing an additional 26,369 shares in the last quarter. Arlington Financial Advisors LLC raised its position in Schwab Fundamental International Equity ETF by 2.2% in the fourth quarter. Arlington Financial Advisors LLC now owns 808,487 shares of the company’s stock worth $36,552,000 after purchasing an additional 17,236 shares in the last quarter. Sovran Advisors LLC raised its position in Schwab Fundamental International Equity ETF by 859.8% in the fourth quarter. Sovran Advisors LLC now owns 96,277 shares of the company’s stock worth $4,540,000 after purchasing an additional 86,246 shares in the last quarter. Finally, Savvy Advisors Inc. raised its position in Schwab Fundamental International Equity ETF by 114.1% in the fourth quarter. Savvy Advisors Inc. now owns 59,294 shares of the company’s stock worth $2,681,000 after purchasing an additional 31,594 shares in the last quarter.

Schwab Fundamental International Equity ETF Company Profile

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.