Dickmeyer Boyce Financial Management Inc. Makes New $1.63 Million Investment in Schwab Fundamental U.S. Small Company ETF $FNDA

Dickmeyer Boyce Financial Management Inc. bought a new position in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 50,262 shares of the exchange traded fund’s stock, valued at approximately $1,630,000. Schwab Fundamental U.S. Small Company ETF accounts for approximately 1.0% of Dickmeyer Boyce Financial Management Inc.’s investment portfolio, making the stock its 26th largest holding.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Schwab Fundamental U.S. Small Company ETF by 97.5% in the fourth quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock worth $379,000 after buying an additional 6,299 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF in the fourth quarter worth about $256,000. Royal Bank of Canada boosted its position in Schwab Fundamental U.S. Small Company ETF by 58.3% during the 1st quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock valued at $2,852,000 after acquiring an additional 38,354 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth approximately $711,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth about $274,000.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Shares of FNDA opened at $37.25 on Friday. Schwab Fundamental U.S. Small Company ETF has a fifty-two week low of $28.43 and a fifty-two week high of $38.29. The firm’s 50-day simple moving average is $36.78 and its two-hundred day simple moving average is $34.94. The stock has a market cap of $9.14 billion, a PE ratio of 17.12 and a beta of 1.02.

Schwab Fundamental U.S. Small Company ETF 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.