Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Hits New 52-Week High – Still a Buy?

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) reached a new 52-week high on Friday . The stock traded as high as $55.31 and last traded at $55.19, with a volume of 81470 shares traded. The stock had previously closed at $54.63.

Schwab Fundamental International Equity ETF Trading Up 0.8%

The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 12.54 and a beta of 0.71. The business has a 50 day simple moving average of $53.42 and a 200-day simple moving average of $51.57.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

Hedge funds have recently modified their holdings of the stock. Financial Life Planners purchased a new stake in Schwab Fundamental International Equity ETF in the first quarter valued at approximately $25,000. Navalign LLC acquired a new position in Schwab Fundamental International Equity ETF during the fourth quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in Schwab Fundamental International Equity ETF during the third quarter worth approximately $26,000. Golden State Wealth Management LLC raised its stake in Schwab Fundamental International Equity ETF by 76.5% during the fourth quarter. Golden State Wealth Management LLC now owns 607 shares of the company’s stock worth $27,000 after purchasing an additional 263 shares during the period. Finally, TD Capital Management LLC purchased a new position in Schwab Fundamental International Equity ETF during the fourth quarter worth approximately $36,000.

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.