Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Sets 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 $53.59 and last traded at $53.49, with a volume of 1213237 shares. The stock had previously closed at $53.29.

Schwab Fundamental International Equity ETF Price Performance

The stock’s 50 day moving average price is $50.19 and its two-hundred day moving average price is $47.81. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 12.54 and a beta of 0.69.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FNDF. Auto Owners Insurance Co increased its position in Schwab Fundamental International Equity ETF by 5,991.6% during the fourth quarter. Auto Owners Insurance Co now owns 164,655,400 shares of the company’s stock worth $7,444,071,000 after acquiring an additional 161,952,400 shares during the period. Boulay Financial Advisors LLC bought a new position in Schwab Fundamental International Equity ETF during the fourth quarter worth $111,276,000. Morgan Stanley increased its position in Schwab Fundamental International Equity ETF by 39.2% during the fourth quarter. Morgan Stanley now owns 8,650,706 shares of the company’s stock worth $391,098,000 after acquiring an additional 2,435,053 shares during the period. Corient Private Wealth LLC increased its position in Schwab Fundamental International Equity ETF by 81.4% during the second quarter. Corient Private Wealth LLC now owns 5,203,830 shares of the company’s stock worth $208,257,000 after acquiring an additional 2,335,173 shares during the period. Finally, Captrust Financial Advisors increased its position in Schwab Fundamental International Equity ETF by 320.4% during the second quarter. Captrust Financial Advisors now owns 2,611,073 shares of the company’s stock worth $104,495,000 after acquiring an additional 1,989,972 shares during the period.

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.