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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s share price reached a new 52-week high on Friday . The stock traded as high as $37.79 and last traded at $37.74, with a volume of 732897 shares traded. The stock had previously closed at $37.46.

Schwab Fundamental U.S. Small Company ETF Price Performance

The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03. The stock’s fifty day moving average price is $35.94 and its 200-day moving average price is $34.16.

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

Several large investors have recently added to or reduced their stakes in the company. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter valued at $26,000. Russell Investments Group Ltd. boosted its position in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% in the fourth quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares during the period. Osbon Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 654 shares in the last quarter. Finally, High Note Wealth LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at $34,000.

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.