Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sets New 52-Week High – Should You Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.31 and last traded at $34.87, with a volume of 579788 shares trading hands. The stock had previously closed at $34.92.

Schwab Fundamental U.S. Small Company ETF Trading Up 1.1%

The company has a 50 day simple moving average of $33.06 and a two-hundred day simple moving average of $31.58. The firm has a market capitalization of $9.87 billion, a P/E ratio of 17.12 and a beta of 1.10.

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

Several institutional investors have recently bought and sold shares of the stock. Sowell Financial Services LLC lifted its stake in Schwab Fundamental U.S. Small Company ETF by 0.3% in the 4th quarter. Sowell Financial Services LLC now owns 114,859 shares of the exchange traded fund’s stock worth $3,619,000 after purchasing an additional 343 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 3.5% in the fourth quarter. Kestra Advisory Services LLC now owns 10,618 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 362 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 7.6% in the third quarter. MCF Advisors LLC now owns 5,697 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 403 shares during the last quarter. Comerica Bank lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.7% in the fourth quarter. Comerica Bank now owns 25,362 shares of the exchange traded fund’s stock worth $799,000 after buying an additional 413 shares in the last quarter. Finally, Midwest Trust Co boosted its stake in Schwab Fundamental U.S. Small Company ETF by 5.4% during the third quarter. Midwest Trust Co now owns 8,778 shares of the exchange traded fund’s stock valued at $274,000 after buying an additional 450 shares during the last quarter.

About Schwab Fundamental U.S. Small Company ETF

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.