Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Hits New 1-Year High – Still a Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) shares hit a new 52-week high on Wednesday . The stock traded as high as $54.45 and last traded at $54.31, with a volume of 1068814 shares. The stock had previously closed at $53.37.

Schwab Fundamental International Equity ETF Price Performance

The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 12.54 and a beta of 0.69. The firm’s 50 day moving average price is $50.98 and its two-hundred day moving average price is $48.53.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Clune & Associates LTD. lifted its position in Schwab Fundamental International Equity ETF by 2.7% in the fourth quarter. Clune & Associates LTD. now owns 7,747 shares of the company’s stock valued at $350,000 after purchasing an additional 204 shares during the period. Signature Resources Capital Management LLC lifted its position in Schwab Fundamental International Equity ETF by 17.4% in the first quarter. Signature Resources Capital Management LLC now owns 1,401 shares of the company’s stock valued at $69,000 after purchasing an additional 208 shares during the period. Front Row Advisors LLC lifted its position in Schwab Fundamental International Equity ETF by 3.7% in the fourth quarter. Front Row Advisors LLC now owns 5,924 shares of the company’s stock valued at $268,000 after purchasing an additional 210 shares during the period. World Investment Advisors lifted its position in Schwab Fundamental International Equity ETF by 2.3% in the first quarter. World Investment Advisors now owns 9,404 shares of the company’s stock valued at $460,000 after purchasing an additional 212 shares during the period. Finally, Private Trust Co. NA lifted its position in Schwab Fundamental International Equity ETF by 10.7% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $100,000 after purchasing an additional 213 shares during the period.

About Schwab Fundamental International Equity ETF

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.