Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Reaches New 1-Year High – Should You Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.49 and last traded at $38.34, with a volume of 55459 shares changing hands. The stock had previously closed at $38.23.

Schwab Fundamental U.S. Small Company ETF Stock Performance

The firm has a market cap of $9.44 billion, a P/E ratio of 17.12 and a beta of 1.03. The company’s 50 day moving average is $37.34 and its 200 day moving average is $35.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in Schwab Fundamental U.S. Small Company ETF in the third quarter valued at $15,153,000. HORAN Wealth LLC grew its holdings in Schwab Fundamental U.S. Small Company ETF by 102.0% during the 1st quarter. HORAN Wealth LLC now owns 577,082 shares of the exchange traded fund’s stock worth $18,680,000 after acquiring an additional 291,350 shares during the period. Mariner LLC grew its holdings in Schwab Fundamental U.S. Small Company ETF by 61.6% during the 4th quarter. Mariner LLC now owns 518,355 shares of the exchange traded fund’s stock worth $16,333,000 after acquiring an additional 197,637 shares during the period. Winter & Associates Inc. bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter worth about $6,044,000. Finally, Marble Wealth LLC acquired a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at about $6,007,000.

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.