Schwab Fundamental Emerging Markets Equity ETF $FNDE Stake Lifted by Morningstar Investment Management LLC

Morningstar Investment Management LLC increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 7.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 700,890 shares of the company’s stock after acquiring an additional 47,915 shares during the period. Schwab Fundamental Emerging Markets Equity ETF makes up about 1.5% of Morningstar Investment Management LLC’s holdings, making the stock its 11th largest holding. Morningstar Investment Management LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $25,274,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth $321,000. Royal Bank of Canada grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.6% in the first quarter. Royal Bank of Canada now owns 157,591 shares of the company’s stock worth $4,855,000 after purchasing an additional 886 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 17.6% in the second quarter. Baird Financial Group Inc. now owns 91,243 shares of the company’s stock worth $3,012,000 after purchasing an additional 13,653 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.3% in the second quarter. Cerity Partners LLC now owns 41,379 shares of the company’s stock worth $1,366,000 after purchasing an additional 930 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 81.4% in the second quarter. Qube Research & Technologies Ltd now owns 115,424 shares of the company’s stock worth $3,810,000 after purchasing an additional 51,787 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

NYSEARCA:FNDE opened at $40.57 on Monday. Schwab Fundamental Emerging Markets Equity ETF has a 1 year low of $31.25 and a 1 year high of $41.78. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. The business has a fifty day moving average of $39.49 and a 200-day moving average of $38.37.

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.