Sonoma Allocations LLC Invests $1.86 Million in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Sonoma Allocations LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 48,788 shares of the company’s stock, valued at approximately $1,863,000.

Several other institutional investors have also recently added to or reduced their stakes in FNDE. Delta Asset Management LLC TN bought a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $25,000. Phillips Financial Management LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter valued at approximately $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth approximately $29,000. NBC Securities Inc. acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth approximately $32,000. Finally, Russell Investments Group Ltd. grew its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after acquiring an additional 712 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

FNDE stock opened at $41.01 on Friday. The business has a fifty day moving average price of $40.49 and a 200 day moving average price of $39.71. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $33.10 and a fifty-two week high of $42.43. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56.

Schwab Fundamental Emerging Markets Equity ETF Profile

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.