Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – What’s Next?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $35.53 and last traded at $35.52, with a volume of 210828 shares changing hands. The stock had previously closed at $34.69.

Schwab Fundamental U.S. Small Company ETF Trading Up 2.2%

The stock has a market capitalization of $10.17 billion, a PE ratio of 17.12 and a beta of 1.04. The company’s 50-day moving average is $33.56 and its 200 day moving average is $32.41.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waddell & Associates LLC lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.5% during the fourth quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock worth $88,977,000 after purchasing an additional 41,512 shares during the period. Prairiewood Capital LLC lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 3.2% during the first quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock worth $66,605,000 after purchasing an additional 63,840 shares during the period. Steele Capital Management Inc. lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 4.2% during the fourth quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock worth $64,505,000 after purchasing an additional 81,671 shares during the period. Clarius Group LLC lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 3.4% during the third quarter. Clarius Group LLC now owns 1,919,123 shares of the exchange traded fund’s stock worth $59,800,000 after purchasing an additional 63,396 shares during the period. Finally, Vantagepoint Investment Advisers LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the third quarter worth about $48,804,000.

Schwab Fundamental U.S. Small Company ETF Company Profile

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.