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

Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) shares saw unusually-high trading volume on Thursday . Approximately 2,892,183 shares changed hands during trading, an increase of 363% from the previous session’s volume of 624,365 shares.The stock last traded at $26.29 and had previously closed at $27.87.

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

The stock’s 50 day moving average price is $29.03 and its 200 day moving average price is $29.89. The company has a market capitalization of $8.07 billion, a P/E ratio of 17.55 and a beta of 1.22.

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

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

Institutional Inflows and Outflows

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