Royal Bank of Canada boosted its stake in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Free Report) by 68.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,749 shares of the exchange traded fund’s stock after acquiring an additional 57,549 shares during the period. Royal Bank of Canada’s holdings in Schwab Fundamental U.S. Small Company ETF were worth $4,597,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Phillips Financial Management LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at $26,000. Russell Investments Group Ltd. lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% in the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 410 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 654 shares in the last quarter. Finally, High Note Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at about $34,000.
Schwab Fundamental U.S. Small Company ETF Price Performance
FNDA stock opened at $38.44 on Friday. Schwab Fundamental U.S. Small Company ETF has a 1 year low of $29.31 and a 1 year high of $38.54. The company has a market cap of $9.43 billion, a P/E ratio of 17.12 and a beta of 1.03. The firm has a 50-day moving average of $37.38 and a 200 day moving average of $35.40.
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.
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