Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Reaches New 52-Week High – Should You Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.78 and last traded at $53.75, with a volume of 983141 shares changing hands. The stock had previously closed at $53.23.

Schwab Fundamental International Equity ETF Stock Up 0.8%

The stock has a 50 day simple moving average of $50.59 and a 200 day simple moving average of $48.25. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 12.54 and a beta of 0.69.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FNDF. Brighton Jones LLC lifted its position in shares of Schwab Fundamental International Equity ETF by 20.6% during the fourth quarter. Brighton Jones LLC now owns 11,667 shares of the company’s stock worth $387,000 after purchasing an additional 1,989 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Schwab Fundamental International Equity ETF during the 4th quarter valued at $419,000. AQR Capital Management LLC increased its stake in Schwab Fundamental International Equity ETF by 45.5% during the 1st quarter. AQR Capital Management LLC now owns 28,244 shares of the company’s stock worth $1,021,000 after buying an additional 8,829 shares during the period. Cerity Partners LLC lifted its holdings in Schwab Fundamental International Equity ETF by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 110,576 shares of the company’s stock worth $4,425,000 after buying an additional 4,160 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Schwab Fundamental International Equity ETF by 15.9% in the 2nd quarter. NewEdge Advisors LLC now owns 99,351 shares of the company’s stock worth $3,976,000 after buying an additional 13,637 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.