Steele Capital Management Inc. Has $61.24 Million Stock Position in Schwab Fundamental U.S. Small Company ETF $FNDA

Steele Capital Management Inc. lessened its holdings in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,965,455 shares of the exchange traded fund’s stock after selling 74,446 shares during the quarter. Schwab Fundamental U.S. Small Company ETF accounts for approximately 2.7% of Steele Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. Steele Capital Management Inc.’s holdings in Schwab Fundamental U.S. Small Company ETF were worth $61,244,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 97.5% in the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock valued at $379,000 after purchasing an additional 6,299 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter valued at approximately $256,000. Royal Bank of Canada raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 58.3% in the first quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock valued at $2,852,000 after buying an additional 38,354 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the first quarter valued at approximately $711,000. Finally, Jones Financial Companies Lllp grew its position in Schwab Fundamental U.S. Small Company ETF by 349.9% during the first quarter. Jones Financial Companies Lllp now owns 51,947 shares of the exchange traded fund’s stock worth $1,391,000 after buying an additional 40,400 shares in the last quarter.

Schwab Fundamental U.S. Small Company ETF Price Performance

Schwab Fundamental U.S. Small Company ETF stock opened at $33.33 on Friday. The firm has a market cap of $9.48 billion, a PE ratio of 17.12 and a beta of 1.10. The stock’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $30.79. Schwab Fundamental U.S. Small Company ETF has a one year low of $23.49 and a one year high of $33.41.

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.