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 during mid-day trading on Wednesday . The company traded as high as $45.27 and last traded at $45.2450, with a volume of 1273103 shares changing hands. The stock had previously closed at $44.97.

Schwab Fundamental International Equity ETF Price Performance

The firm’s 50 day moving average price is $43.84 and its two-hundred day moving average price is $41.83. The stock has a market cap of $18.75 billion, a PE ratio of 12.54 and a beta of 0.79.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $333,828,000 after acquiring an additional 7,413,025 shares during the period. Corient Private Wealth LLC boosted its holdings in Schwab Fundamental International Equity ETF by 81.4% in the 2nd quarter. Corient Private Wealth LLC now owns 5,203,830 shares of the company’s stock valued at $208,257,000 after purchasing an additional 2,335,173 shares during the period. Captrust Financial Advisors grew its position in shares of Schwab Fundamental International Equity ETF by 320.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,611,073 shares of the company’s stock valued at $104,495,000 after purchasing an additional 1,989,972 shares in the last quarter. AlphaCore Capital LLC grew its position in shares of Schwab Fundamental International Equity ETF by 28,780.4% during the 2nd quarter. AlphaCore Capital LLC now owns 1,710,588 shares of the company’s stock valued at $68,458,000 after purchasing an additional 1,704,665 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab Fundamental International Equity ETF by 21.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,955,383 shares of the company’s stock worth $238,334,000 after purchasing an additional 1,056,916 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.