Cedar Point Capital Partners LLC Takes Position in Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA)

Cedar Point Capital Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company Index ETF (NYSEARCA:FNDA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,548 shares of the exchange traded fund’s stock, valued at approximately $971,000. Schwab Fundamental U.S. Small Company Index ETF comprises about 0.8% of Cedar Point Capital Partners LLC’s holdings, making the stock its 26th biggest position.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in Schwab Fundamental U.S. Small Company Index ETF by 1,341.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 879 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 818 shares in the last quarter. GoalVest Advisory LLC bought a new position in Schwab Fundamental U.S. Small Company Index ETF in the fourth quarter worth approximately $53,000. AlphaCore Capital LLC grew its stake in Schwab Fundamental U.S. Small Company Index ETF by 621.6% in the third quarter. AlphaCore Capital LLC now owns 1,739 shares of the exchange traded fund’s stock worth $84,000 after purchasing an additional 1,498 shares in the last quarter. Larson Financial Group LLC grew its stake in Schwab Fundamental U.S. Small Company Index ETF by 519.0% in the third quarter. Larson Financial Group LLC now owns 1,820 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Sheets Smith Wealth Management bought a new position in Schwab Fundamental U.S. Small Company Index ETF in the third quarter worth approximately $95,000.

Schwab Fundamental U.S. Small Company Index ETF Stock Up 0.5 %

NYSEARCA:FNDA traded up $0.27 during midday trading on Friday, hitting $54.45. The stock had a trading volume of 241,949 shares, compared to its average volume of 338,660. Schwab Fundamental U.S. Small Company Index ETF has a one year low of $44.85 and a one year high of $57.30. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 14.31 and a beta of 1.19. The stock has a 50-day moving average of $55.09 and a 200 day moving average of $52.67.

Schwab Fundamental U.S. Small Company Index ETF 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.