Waddell & Associates LLC Buys 23,569 Shares of Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Waddell & Associates LLC boosted its stake in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) by 1.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,253,794 shares of the exchange traded fund’s stock after buying an additional 23,569 shares during the period. Schwab Fundamental U.S. Small Company Index ETF comprises 9.1% of Waddell & Associates LLC’s portfolio, making the stock its 2nd largest position. Waddell & Associates LLC’s holdings in Schwab Fundamental U.S. Small Company Index ETF were worth $68,858,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNDA. Johnson Financial Group Inc. raised its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 219.6% during the fourth quarter. Johnson Financial Group Inc. now owns 457 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 314 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF during the second quarter worth $26,000. Principal Securities Inc. acquired a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF during the fourth quarter worth $28,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF during the second quarter worth $30,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF during the first quarter worth $32,000.

Schwab Fundamental U.S. Small Company Index ETF Stock Down 1.6 %

Shares of NYSEARCA:FNDA traded down $0.91 on Friday, reaching $56.23. 249,061 shares of the company’s stock were exchanged, compared to its average volume of 308,167. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 14.98 and a beta of 1.18. Schwab Fundamental U.S. Small Company Index ETF has a fifty-two week low of $44.85 and a fifty-two week high of $61.00. The business’s 50-day moving average is $57.13 and its two-hundred day moving average is $55.91.

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.