Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 1-Year High – What’s Next?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.76 and last traded at $37.62, with a volume of 37476 shares. The stock had previously closed at $37.21.

Schwab Fundamental U.S. Small Company ETF Stock Performance

The company’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $33.89. The company has a market capitalization of $10.61 billion, a P/E ratio of 17.12 and a beta of 1.03.

Institutional Trading of Schwab Fundamental U.S. Small Company ETF

Institutional investors have recently modified their holdings of the company. Phillips Financial Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at about $26,000. Russell Investments Group Ltd. boosted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% in the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 410 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 654 shares in the last quarter. Finally, High Note Wealth LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at about $34,000.

About Schwab Fundamental U.S. Small Company ETF

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.