Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) saw unusually-high trading volume on Wednesday . Approximately 6,198,639 shares traded hands during mid-day trading, an increase of 769% from the previous session’s volume of 713,554 shares.The stock last traded at $25.34 and had previously closed at $23.85.

Schwab Fundamental U.S. Small Company Index ETF Stock Performance

The stock’s fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $29.71. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 15.53 and a beta of 1.11.

Schwab Fundamental U.S. Small Company Index ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a $0.051 dividend. The ex-dividend date was Wednesday, March 26th.

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

Several hedge funds have recently modified their holdings of the stock. Hamilton Point Investment Advisors LLC raised its holdings in Schwab Fundamental U.S. Small Company Index ETF by 100.0% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 420 shares during the period. American Capital Advisory LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 101.1% during the fourth quarter. American Capital Advisory LLC now owns 879 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 442 shares during the period. Bristlecone Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Small Company Index ETF by 101.1% in the 4th quarter. Bristlecone Advisors LLC now owns 913 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 459 shares in the last quarter. Continuum Advisory LLC boosted its stake in Schwab Fundamental U.S. Small Company Index ETF by 140.5% in the 4th quarter. Continuum Advisory LLC now owns 909 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 531 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its position in Schwab Fundamental U.S. Small Company Index ETF by 100.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 972 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 486 shares in the last quarter.

Schwab Fundamental U.S. Small Company Index 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.