Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Reaches New 12-Month High – Still a Buy?

Shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.34 and last traded at $38.34, with a volume of 111287 shares traded. The stock had previously closed at $37.77.

Schwab Fundamental U.S. Small Company ETF Stock Up 1.4%

The company’s fifty day moving average price is $37.08 and its two-hundred day moving average price is $35.16. The firm has a market cap of $9.40 billion, a PE ratio of 17.12 and a beta of 1.03.

Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF

A number of institutional investors have recently added to or reduced their stakes in FNDA. Brighton Jones LLC boosted its position in shares of Schwab Fundamental U.S. Small Company ETF by 97.5% in the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock worth $379,000 after buying an additional 6,299 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at about $256,000. Royal Bank of Canada raised its position in Schwab Fundamental U.S. Small Company ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock worth $2,852,000 after acquiring an additional 38,354 shares during the last quarter. AQR Capital Management LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF during the first quarter worth about $711,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the first quarter valued at about $274,000.

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.