Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 1-Year High – Should You Buy?

Shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high during trading on Wednesday . The company traded as high as $36.26 and last traded at $36.10, with a volume of 46924 shares trading hands. The stock had previously closed at $35.83.

Schwab Fundamental U.S. Small Company ETF Stock Up 0.8%

The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 17.12 and a beta of 1.05. The stock has a 50 day moving average of $33.73 and a 200 day moving average of $32.78.

Institutional Trading of Schwab Fundamental U.S. Small Company ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Birchwood Financial Partners Inc. grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 6.6% during the first quarter. Birchwood Financial Partners Inc. now owns 50,215 shares of the exchange traded fund’s stock worth $1,628,000 after purchasing an additional 3,094 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 4.5% during the first quarter. Sanctuary Advisors LLC now owns 64,923 shares of the exchange traded fund’s stock worth $2,105,000 after purchasing an additional 2,793 shares during the last quarter. Riverpoint Wealth Management Holdings LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.3% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock worth $37,547,000 after purchasing an additional 14,946 shares during the last quarter. Kaizen Financial Strategies grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 13.9% during the first quarter. Kaizen Financial Strategies now owns 57,105 shares of the exchange traded fund’s stock worth $1,981,000 after purchasing an additional 6,961 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 476.8% during the first quarter. Fifth Third Bancorp now owns 26,604 shares of the exchange traded fund’s stock worth $863,000 after purchasing an additional 21,992 shares during the last quarter.

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.