SHP Wealth Management bought a new position in shares of Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 32,202 shares of the exchange traded fund’s stock, valued at approximately $1,015,000.
Other hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 2.2% in the 3rd quarter. AlphaCore Capital LLC now owns 917,082 shares of the exchange traded fund’s stock valued at $28,576,000 after acquiring an additional 19,517 shares during the period. Silver Oak Securities Incorporated grew its position in shares of Schwab Fundamental U.S. Small Company ETF by 53.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 44,419 shares of the exchange traded fund’s stock valued at $1,415,000 after purchasing an additional 15,532 shares during the last quarter. Steele Capital Management Inc. grew its position in shares of Schwab Fundamental U.S. Small Company ETF by 4.2% in the fourth quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock valued at $64,505,000 after purchasing an additional 81,671 shares during the last quarter. MAI Capital Management increased its stake in shares of Schwab Fundamental U.S. Small Company ETF by 5.3% during the third quarter. MAI Capital Management now owns 339,209 shares of the exchange traded fund’s stock worth $10,570,000 after purchasing an additional 17,214 shares during the period. Finally, Capital Advantage Inc. increased its stake in shares of Schwab Fundamental U.S. Small Company ETF by 18.1% during the fourth quarter. Capital Advantage Inc. now owns 128,900 shares of the exchange traded fund’s stock worth $4,062,000 after purchasing an additional 19,723 shares during the period.
Schwab Fundamental U.S. Small Company ETF Stock Performance
NYSEARCA:FNDA opened at $36.98 on Friday. The stock has a 50 day simple moving average of $35.71 and a 200 day simple moving average of $33.99. The stock has a market cap of $10.61 billion, a P/E ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $27.68 and a 1-year high of $37.76.
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.
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