Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Hits New 12-Month High – Still a Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.68 and last traded at $52.58, with a volume of 2021026 shares traded. The stock had previously closed at $52.01.

Schwab Fundamental International Equity ETF Stock Up 0.2%

The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 12.54 and a beta of 0.79. The business’s 50-day moving average is $48.41 and its 200-day moving average is $45.22.

Institutional Trading of Schwab Fundamental International Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab Fundamental International Equity ETF by 3.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,458,748 shares of the company’s stock worth $855,753,000 after acquiring an additional 632,562 shares in the last quarter. Morgan Stanley increased its position in shares of Schwab Fundamental International Equity ETF by 39.2% in the fourth quarter. Morgan Stanley now owns 8,650,706 shares of the company’s stock valued at $391,098,000 after buying an additional 2,435,053 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Schwab Fundamental International Equity ETF by 4.1% during the 3rd quarter. Bank of America Corp DE now owns 7,217,494 shares of the company’s stock worth $310,064,000 after buying an additional 282,207 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab Fundamental International Equity ETF by 1.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,040,807 shares of the company’s stock worth $259,513,000 after buying an additional 85,424 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Schwab Fundamental International Equity ETF by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,983,471 shares of the company’s stock valued at $270,513,000 after acquiring an additional 68,387 shares during the period.

Schwab Fundamental International Equity ETF Company Profile

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.