Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – Time to Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) hit a new 52-week high on Tuesday . The company traded as high as $36.67 and last traded at $36.67, with a volume of 37064 shares changing hands. The stock had previously closed at $35.98.

Schwab Fundamental U.S. Small Company ETF Price Performance

The stock’s 50 day simple moving average is $35.15 and its two-hundred day simple moving average is $33.72. The firm has a market cap of $10.32 billion, a P/E ratio of 17.12 and a beta of 1.03.

Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF

Several institutional investors and hedge funds have recently made changes to their positions in FNDA. Phillips Financial Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $26,000. Russell Investments Group Ltd. increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% during the fourth quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 654 shares in the last quarter. Finally, High Note Wealth LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $34,000.

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.