Sowell Financial Services LLC Makes New $3.47 Million Investment in Schwab Fundamental U.S. Small Company ETF $FNDA

Sowell Financial Services LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,173 shares of the exchange traded fund’s stock, valued at approximately $3,471,000.

A number of other large investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.9% in the 2nd quarter. Washington Trust Advisors Inc. now owns 25,380 shares of the exchange traded fund’s stock valued at $966,000 after buying an additional 477 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 4.1% during the 3rd quarter. Root Financial Partners LLC now owns 14,835 shares of the exchange traded fund’s stock worth $519,000 after buying an additional 584 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,580 shares of the exchange traded fund’s stock worth $2,344,000 after buying an additional 597 shares during the last quarter. GAMMA Investing LLC grew its position in Schwab Fundamental U.S. Small Company ETF by 89.4% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 649 shares during the last quarter. Finally, Highland Investment Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the second quarter worth about $27,000.

Schwab Fundamental U.S. Small Company ETF Trading Down 1.3%

FNDA opened at $35.98 on Friday. The company’s 50 day moving average is $36.10 and its 200-day moving average is $35.57. The company has a market cap of $8.90 billion, a P/E ratio of 17.12 and a beta of 1.05. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $29.31 and a 1-year high of $38.59.

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.