Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) Sees Large Volume Increase

Shares of Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) saw unusually-strong trading volume on Friday . Approximately 650,688 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 317,583 shares.The stock last traded at $57.00 and had previously closed at $56.49.

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

The stock’s fifty day moving average is $55.38 and its 200-day moving average is $54.89. The stock has a market capitalization of $8.37 billion, a P/E ratio of 14.98 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Advisory Inc. grew its holdings in Schwab Fundamental U.S. Small Company Index ETF by 2.6% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 95,952,017 shares of the exchange traded fund’s stock valued at $5,472,144,000 after purchasing an additional 2,407,192 shares during the last quarter. SageView Advisory Group LLC grew its stake in Schwab Fundamental U.S. Small Company Index ETF by 7,131.4% in the 1st quarter. SageView Advisory Group LLC now owns 2,953,940 shares of the exchange traded fund’s stock valued at $168,463,000 after buying an additional 2,913,091 shares during the last quarter. Waddell & Associates LLC raised its holdings in Schwab Fundamental U.S. Small Company Index ETF by 0.4% in the 4th quarter. Waddell & Associates LLC now owns 1,250,165 shares of the exchange traded fund’s stock worth $69,202,000 after acquiring an additional 4,791 shares during the period. Clarius Group LLC lifted its position in Schwab Fundamental U.S. Small Company Index ETF by 1.7% during the 4th quarter. Clarius Group LLC now owns 1,117,041 shares of the exchange traded fund’s stock worth $61,828,000 after acquiring an additional 18,416 shares during the last quarter. Finally, Steele Capital Management Inc. boosted its holdings in Schwab Fundamental U.S. Small Company Index ETF by 3.6% during the first quarter. Steele Capital Management Inc. now owns 942,090 shares of the exchange traded fund’s stock valued at $53,727,000 after acquiring an additional 32,635 shares during the period.

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.