Root Financial Partners LLC Buys New Shares in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Root Financial Partners LLC purchased a new stake in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,425 shares of the exchange traded fund’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FNDA. Bristlecone Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF during the third quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new position in Schwab Fundamental U.S. Small Company Index ETF in the 3rd quarter worth about $37,000. MidAtlantic Capital Management Inc. acquired a new stake in Schwab Fundamental U.S. Small Company Index ETF during the 3rd quarter worth about $44,000. Hamilton Point Investment Advisors LLC lifted its stake in Schwab Fundamental U.S. Small Company Index ETF by 100.0% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. Finally, American Capital Advisory LLC boosted its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 101.1% in the fourth quarter. American Capital Advisory LLC now owns 879 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 442 shares during the period.

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

FNDA stock opened at $30.17 on Friday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 14.98 and a beta of 1.18. Schwab Fundamental U.S. Small Company Index ETF has a 52-week low of $26.38 and a 52-week high of $32.71. The company’s 50 day simple moving average is $30.28 and its 200-day simple moving average is $29.94.

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.