Royal Bank of Canada Lowers Stake in Schwab Fundamental International Small Equity ETF $FNDC

by · The Markets Daily

Royal Bank of Canada reduced its position in shares of Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC – Free Report) by 78.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,589 shares of the company’s stock after selling 35,186 shares during the quarter. Royal Bank of Canada’s holdings in Schwab Fundamental International Small Equity ETF were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Quantinno Capital Management LP raised its holdings in Schwab Fundamental International Small Equity ETF by 55.7% in the 1st quarter. Quantinno Capital Management LP now owns 18,189 shares of the company’s stock worth $843,000 after purchasing an additional 6,508 shares during the period. Waverly Advisors LLC acquired a new stake in Schwab Fundamental International Small Equity ETF in the first quarter valued at approximately $250,000. Compound Planning Inc. increased its position in shares of Schwab Fundamental International Small Equity ETF by 18.4% in the first quarter. Compound Planning Inc. now owns 7,090 shares of the company’s stock valued at $329,000 after buying an additional 1,104 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Schwab Fundamental International Small Equity ETF in the first quarter valued at approximately $111,000. Finally, Cetera Investment Advisers raised its stake in shares of Schwab Fundamental International Small Equity ETF by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 9,773 shares of the company’s stock worth $453,000 after buying an additional 688 shares during the period.

Schwab Fundamental International Small Equity ETF Price Performance

Shares of NYSEARCA:FNDC opened at $51.50 on Wednesday. The business’s 50 day moving average price is $49.48 and its 200-day moving average price is $48.98. Schwab Fundamental International Small Equity ETF has a 1 year low of $42.95 and a 1 year high of $51.56. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.87 and a beta of 0.75.

Schwab Fundamental International Small Equity ETF Company Profile

(Free Report)

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.

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