Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Hits New 52-Week High – Should You Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF)’s share price hit a new 52-week high on Tuesday . The company traded as high as $43.91 and last traded at $43.81, with a volume of 900554 shares trading hands. The stock had previously closed at $43.73.

Schwab Fundamental International Equity ETF Stock Performance

The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 12.54 and a beta of 0.86. The firm’s 50-day moving average price is $42.18 and its two-hundred day moving average price is $39.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schwab Fundamental International Equity ETF by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 149,024,446 shares of the company’s stock valued at $5,385,744,000 after buying an additional 994,500 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab Fundamental International Equity ETF by 4.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,921,668 shares of the company’s stock valued at $685,328,000 after purchasing an additional 763,822 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Schwab Fundamental International Equity ETF by 788.6% in the second quarter. Auto Owners Insurance Co now owns 8,353,000 shares of the company’s stock worth $333,828,000 after buying an additional 7,413,025 shares during the period. Bank of America Corp DE grew its stake in shares of Schwab Fundamental International Equity ETF by 7.1% during the second quarter. Bank of America Corp DE now owns 6,935,287 shares of the company’s stock valued at $277,550,000 after acquiring an additional 457,421 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Schwab Fundamental International Equity ETF by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,955,383 shares of the company’s stock valued at $238,334,000 after buying an additional 1,056,916 shares in the last quarter.

About Schwab Fundamental International Equity ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.