Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sets New 12-Month High – Time to Buy?

Shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDAGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.68 and last traded at $34.6740, with a volume of 123550 shares. The stock had previously closed at $33.85.

Schwab Fundamental U.S. Small Company ETF Stock Up 2.8%

The business’s fifty day moving average is $32.69 and its two-hundred day moving average is $31.38. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 17.12 and a beta of 1.10.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 97.5% during the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock worth $379,000 after purchasing an additional 6,299 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth approximately $256,000. Royal Bank of Canada lifted its holdings in 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 during the period. AQR Capital Management LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF in the first quarter valued at approximately $711,000. Finally, Goldman Sachs Group Inc. bought a new position in Schwab Fundamental U.S. Small Company ETF in the first quarter valued at approximately $274,000.

Schwab Fundamental U.S. Small Company ETF Company Profile

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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.

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