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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $37.79 and last traded at $37.74, with a volume of 732897 shares traded. The stock had previously closed at $37.46.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.7%

The business’s 50 day simple moving average is $36.00 and its two-hundred day simple moving average is $34.18. The firm has a market capitalization of $10.82 billion, a PE ratio of 17.12 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in Schwab Fundamental U.S. Small Company ETF by 19.6% in the first quarter. Glenmede Trust Co. NA now owns 13,039 shares of the exchange traded fund’s stock worth $423,000 after purchasing an additional 2,135 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 1st quarter valued at about $45,000. Bank of America Corp DE lifted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock worth $29,189,000 after purchasing an additional 12,819 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth approximately $240,000. Finally, Royal Bank of Canada boosted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 68.3% in the first quarter. Royal Bank of Canada now owns 141,749 shares of the exchange traded fund’s stock worth $4,597,000 after buying an additional 57,549 shares during the last quarter.

Schwab Fundamental U.S. Small Company ETF Company 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. FNDA was launched on Aug 15, 2013 and is managed by Charles Schwab.