Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sets New 12-Month High – Here’s Why

Shares of Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) hit a new 52-week high during trading on Wednesday . The company traded as high as $50.83 and last traded at $50.79, with a volume of 5658 shares traded. The stock had previously closed at $50.37.

Schwab Fundamental International Small Equity ETF Stock Performance

The firm’s 50 day moving average price is $49.08 and its two-hundred day moving average price is $48.65. The firm has a market cap of $3.12 billion, a PE ratio of 13.87 and a beta of 0.75.

Hedge Funds Weigh In On Schwab Fundamental International Small Equity ETF

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in Schwab Fundamental International Small Equity ETF in the 2nd quarter valued at about $274,000. Cerity Partners LLC raised its stake in shares of Schwab Fundamental International Small Equity ETF by 2.0% in the 2nd quarter. Cerity Partners LLC now owns 58,463 shares of the company’s stock valued at $2,458,000 after acquiring an additional 1,147 shares during the period. Jane Street Group LLC lifted its holdings in shares of Schwab Fundamental International Small Equity ETF by 246.3% in the 2nd quarter. Jane Street Group LLC now owns 457,228 shares of the company’s stock worth $19,226,000 after acquiring an additional 325,196 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Schwab Fundamental International Small Equity ETF by 30.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 20,139 shares of the company’s stock worth $847,000 after acquiring an additional 4,718 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Schwab Fundamental International Small Equity ETF by 13.2% during the 2nd quarter. Bank of America Corp DE now owns 88,958 shares of the company’s stock worth $3,741,000 after purchasing an additional 10,377 shares during the period.

Schwab Fundamental International Small Equity ETF Company Profile

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.