Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Hits New 52-Week High – Still a Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.26 and last traded at $36.10, with a volume of 46924 shares. The stock had previously closed at $35.83.

Schwab Fundamental U.S. Small Company ETF Price Performance

The business’s fifty day simple moving average is $33.80 and its two-hundred day simple moving average is $32.86. The company has a market cap of $10.33 billion, a PE ratio of 17.12 and a beta of 1.05.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

Several institutional investors and hedge funds have recently modified their holdings of FNDA. Phillips Financial Management LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth approximately $26,000. Russell Investments Group Ltd. raised its stake in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 3rd quarter valued at approximately $28,000. Osbon Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC grew its stake in Schwab Fundamental U.S. Small Company ETF by 214.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 654 shares during the period.

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.