Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sees Large Volume Increase – Here’s What Happened

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) shares saw strong trading volume on Wednesday. 458,616 shares changed hands during trading, an increase of 209% from the previous session’s volume of 148,587 shares. The stock last traded at $49.4960 and had previously closed at $50.04.

Schwab Fundamental International Small Equity ETF Stock Performance

The firm’s 50 day moving average is $50.64 and its 200-day moving average is $49.43. The company has a market cap of $3.07 billion, a PE ratio of 13.87 and a beta of 0.77.

Hedge Funds Weigh In On Schwab Fundamental International Small Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FNDC. Vermillion Wealth Management Inc. increased its stake in shares of Schwab Fundamental International Small Equity ETF by 13.4% during the 1st quarter. Vermillion Wealth Management Inc. now owns 2,526 shares of the company’s stock worth $117,000 after purchasing an additional 299 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Schwab Fundamental International Small Equity ETF by 3.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,166 shares of the company’s stock valued at $591,000 after purchasing an additional 372 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Schwab Fundamental International Small Equity ETF in the 2nd quarter valued at $26,000. Waverly Advisors LLC lifted its stake in shares of Schwab Fundamental International Small Equity ETF by 11.6% in the 2nd quarter. Waverly Advisors LLC now owns 6,009 shares of the company’s stock valued at $292,000 after purchasing an additional 627 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Schwab Fundamental International Small Equity ETF by 7.6% in the first quarter. Cetera Investment Advisers now owns 9,773 shares of the company’s stock worth $453,000 after purchasing an additional 688 shares in the last quarter.

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.