Baird Financial Group Inc. Grows Holdings in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Baird Financial Group Inc. raised its position in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,421 shares of the exchange traded fund’s stock after purchasing an additional 14,258 shares during the period. Baird Financial Group Inc.’s holdings in Schwab Fundamental U.S. Small Company Index ETF were worth $1,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 104.7% during the 4th quarter. Bank of America Corp DE now owns 752,567 shares of the exchange traded fund’s stock valued at $22,351,000 after acquiring an additional 384,992 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 99.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,739,593 shares of the exchange traded fund’s stock valued at $51,910,000 after acquiring an additional 867,410 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 56.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,386 shares of the exchange traded fund’s stock valued at $130,000 after acquiring an additional 1,582 shares during the last quarter. AlTi Global Inc. increased its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 116.9% during the 4th quarter. AlTi Global Inc. now owns 16,252 shares of the exchange traded fund’s stock valued at $483,000 after acquiring an additional 8,758 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 17.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 76,438 shares of the exchange traded fund’s stock valued at $2,270,000 after acquiring an additional 11,558 shares during the last quarter.

Schwab Fundamental U.S. Small Company Index ETF Stock Performance

FNDA opened at $28.28 on Wednesday. The firm has a 50 day moving average price of $26.59 and a 200 day moving average price of $29.08. The company has a market cap of $8.46 billion, a PE ratio of 17.38 and a beta of 1.11. Schwab Fundamental U.S. Small Company Index ETF has a 1 year low of $23.49 and a 1 year high of $32.71.

Schwab Fundamental U.S. Small Company Index ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.051 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab Fundamental U.S. Small Company Index 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.