Cabot Wealth Management Inc. Acquires 391,834 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Cabot Wealth Management Inc. acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 391,834 shares of the company’s stock, valued at approximately $16,406,000. Schwab Fundamental Emerging Markets Equity ETF comprises approximately 1.5% of Cabot Wealth Management Inc.’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atomic Invest LLC raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 101.9% in the 2nd quarter. Atomic Invest LLC now owns 624 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at about $27,000. Valley National Advisers Inc. acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth about $30,000. Allied Private Wealth LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter worth about $38,000. Finally, Align Financial LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth about $44,000.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

NYSEARCA:FNDE opened at $40.69 on Thursday. The firm has a 50 day simple moving average of $41.96 and a 200-day simple moving average of $40.58. The firm has a market cap of $10.10 billion, a PE ratio of 10.54 and a beta of 0.60. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.99 and a 1-year high of $43.18.

About Schwab Fundamental Emerging Markets Equity ETF

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.