Sovran Advisors LLC Acquires New Position in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Sovran Advisors LLC bought a new position in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 16,051 shares of the exchange traded fund’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capasso Planning Partners LLC increased its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 10.6% in the third quarter. Capasso Planning Partners LLC now owns 5,428 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 521 shares during the last quarter. American Capital Advisory LLC increased its stake in shares of 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 worth $26,000 after acquiring an additional 442 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 45.9% during the 4th quarter. Brookstone Capital Management now owns 11,282 shares of the exchange traded fund’s stock worth $335,000 after acquiring an additional 3,547 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab Fundamental U.S. Small Company Index ETF during the 3rd quarter valued at about $1,122,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company Index ETF by 48.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,670 shares of the exchange traded fund’s stock valued at $911,000 after purchasing an additional 10,048 shares during the period.

Schwab Fundamental U.S. Small Company Index ETF Trading Down 1.2 %

Schwab Fundamental U.S. Small Company Index ETF stock opened at $29.91 on Thursday. The company has a 50-day moving average price of $30.35 and a 200 day moving average price of $29.93. Schwab Fundamental U.S. Small Company Index ETF has a 12-month low of $26.38 and a 12-month high of $32.71. The stock has a market cap of $4.40 billion, a P/E ratio of 14.98 and a beta of 1.18.

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.