New Millennium Group LLC raised its stake in Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Free Report) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 119,566 shares of the exchange traded fund’s stock after buying an additional 4,176 shares during the period. Schwab Fundamental U.S. Small Company ETF comprises 1.9% of New Millennium Group LLC’s holdings, making the stock its 17th largest position. New Millennium Group LLC’s holdings in Schwab Fundamental U.S. Small Company ETF were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in FNDA. Brighton Jones LLC raised its position in Schwab Fundamental U.S. Small Company ETF by 97.5% in the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock valued at $379,000 after buying an additional 6,299 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at approximately $256,000. Crossmark Global Holdings Inc. acquired a new stake in Schwab Fundamental U.S. Small Company ETF in the 1st quarter valued at approximately $667,000. Allworth Financial LP raised its position in Schwab Fundamental U.S. Small Company ETF by 38.1% in the 1st quarter. Allworth Financial LP now owns 7,681 shares of the exchange traded fund’s stock valued at $202,000 after buying an additional 2,120 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Schwab Fundamental U.S. Small Company ETF by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 619,058 shares of the exchange traded fund’s stock valued at $16,956,000 after buying an additional 6,025 shares during the last quarter.
Schwab Fundamental U.S. Small Company ETF Stock Performance
Shares of Schwab Fundamental U.S. Small Company ETF stock opened at $30.33 on Wednesday. The business’s 50 day simple moving average is $31.13 and its 200 day simple moving average is $29.46. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $23.49 and a 52-week high of $32.71. The firm has a market cap of $8.64 billion, a PE ratio of 17.12 and a beta of 1.10.
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.
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