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

Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) saw an uptick in trading volume on Friday . 460,732 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 263,206 shares.The stock last traded at $49.53 and had previously closed at $49.07.

Schwab Fundamental U.S. Small Company Index ETF Stock Up 1.0 %

The business has a 50-day moving average price of $47.84 and a 200-day moving average price of $49.24. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 13.99 and a beta of 1.19.

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

Several institutional investors have recently added to or reduced their stakes in FNDA. Creative Planning raised its stake in Schwab Fundamental U.S. Small Company Index ETF by 17.8% in the 3rd quarter. Creative Planning now owns 107,314 shares of the exchange traded fund’s stock worth $5,204,000 after acquiring an additional 16,248 shares during the last quarter. GTS Securities LLC acquired a new position in shares of Schwab Fundamental U.S. Small Company Index ETF in the third quarter valued at about $259,000. Harbour Investments Inc. raised its stake in shares of Schwab Fundamental U.S. Small Company Index ETF by 80.5% in the third quarter. Harbour Investments Inc. now owns 668 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 298 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 3.9% during the third quarter. Morgan Stanley now owns 780,967 shares of the exchange traded fund’s stock worth $37,869,000 after purchasing an additional 29,408 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in Schwab Fundamental U.S. Small Company Index ETF by 13.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 20,125 shares of the exchange traded fund’s stock valued at $976,000 after buying an additional 2,348 shares during the last quarter.

About Schwab Fundamental U.S. Small Company Index ETF

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.