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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.49 and last traded at $38.34, with a volume of 55459 shares traded. The stock had previously closed at $38.23.

Schwab Fundamental U.S. Small Company ETF Stock Up 0.6%

The business’s 50 day moving average is $37.34 and its 200-day moving average is $35.37. The firm has a market capitalization of $9.44 billion, a P/E ratio of 17.12 and a beta of 1.03.

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

Several hedge funds and other institutional investors have recently modified their holdings of FNDA. Waddell & Associates LLC lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.5% during the 4th quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock worth $88,977,000 after buying an additional 41,512 shares during the last quarter. Prairiewood Capital LLC grew its position in Schwab Fundamental U.S. Small Company ETF by 3.2% in the first quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock valued at $66,605,000 after acquiring an additional 63,840 shares during the last quarter. Steele Capital Management Inc. raised its stake in Schwab Fundamental U.S. Small Company ETF by 4.2% during the fourth quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock worth $64,505,000 after acquiring an additional 81,671 shares in the last quarter. UBS Group AG raised its stake in Schwab Fundamental U.S. Small Company ETF by 5.7% during the fourth quarter. UBS Group AG now owns 1,428,932 shares of the exchange traded fund’s stock worth $45,026,000 after acquiring an additional 76,901 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.3% in 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 acquiring an additional 14,946 shares during the last quarter.

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.