Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Reaches New 1-Year High – Here’s Why

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) shares hit a new 52-week high during trading on Friday . The company traded as high as $48.42 and last traded at $48.37, with a volume of 178727 shares traded. The stock had previously closed at $47.47.

Schwab Fundamental International Small Equity ETF Stock Up 1.9%

The company has a market capitalization of $3.27 billion, a P/E ratio of 13.87 and a beta of 0.81. The business has a 50 day simple moving average of $45.70 and a 200-day simple moving average of $44.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Abbington Investment Group bought a new stake in Schwab Fundamental International Small Equity ETF during the 3rd quarter valued at $6,351,000. Quadcap Wealth Management LLC increased its holdings in shares of Schwab Fundamental International Small Equity ETF by 5.3% during the second quarter. Quadcap Wealth Management LLC now owns 50,860 shares of the company’s stock valued at $2,139,000 after purchasing an additional 2,540 shares during the period. Brucke Financial Inc. acquired a new position in shares of Schwab Fundamental International Small Equity ETF during the second quarter valued at $210,000. Kelman Lazarov Inc. raised its stake in shares of Schwab Fundamental International Small Equity ETF by 0.5% during the second quarter. Kelman Lazarov Inc. now owns 475,762 shares of the company’s stock valued at $20,006,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in Schwab Fundamental International Small Equity ETF by 27.8% in the second quarter. Savvy Advisors Inc. now owns 7,265 shares of the company’s stock worth $305,000 after purchasing an additional 1,581 shares during the period.

Schwab Fundamental International Small Equity ETF Company Profile

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.