Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Reaches New 1-Year High – Still a Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.29 and last traded at $37.92, with a volume of 606462 shares changing hands. The stock had previously closed at $38.06.

Schwab Fundamental U.S. Small Company ETF Stock Down 0.4%

The business has a 50 day simple moving average of $36.16 and a two-hundred day simple moving average of $34.32. The firm has a market cap of $9.30 billion, a PE ratio of 17.12 and a beta of 1.02.

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

A number of institutional investors have recently modified their holdings of the stock. Silver Oak Securities Incorporated grew its stake in Schwab Fundamental U.S. Small Company ETF by 53.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 44,419 shares of the exchange traded fund’s stock worth $1,415,000 after purchasing an additional 15,532 shares in the last quarter. Steele Capital Management Inc. raised its position in Schwab Fundamental U.S. Small Company ETF by 4.2% during the 4th quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock valued at $64,505,000 after purchasing an additional 81,671 shares in the last quarter. Capital Advantage Inc. raised its position in Schwab Fundamental U.S. Small Company ETF by 18.1% during the 4th quarter. Capital Advantage Inc. now owns 128,900 shares of the exchange traded fund’s stock valued at $4,062,000 after purchasing an additional 19,723 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 75.6% in the 4th quarter. Integrity Alliance LLC. now owns 125,473 shares of the exchange traded fund’s stock worth $3,954,000 after buying an additional 54,024 shares during the period. Finally, Solitude Financial Services lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 2.4% in the 4th quarter. Solitude Financial Services now owns 999,593 shares of the exchange traded fund’s stock worth $31,497,000 after buying an additional 23,062 shares during the period.

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.