Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 12-Month High – Here’s Why

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.00 and last traded at $35.93, with a volume of 784 shares. The stock had previously closed at $35.77.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 0.6%

The stock’s 50-day moving average price is $34.16 and its 200-day moving average price is $32.17. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 10.04 and a beta of 0.75.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 1,154.1% during the second quarter. First Horizon Advisors Inc. now owns 1,229 shares of the company’s stock worth $41,000 after buying an additional 1,131 shares during the last quarter. Pflug Koory LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth approximately $41,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth approximately $42,000. Hoey Investments Inc. bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth approximately $47,000. Finally, Operose Advisors LLC raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 2,125.0% during the first quarter. Operose Advisors LLC now owns 1,424 shares of the company’s stock worth $44,000 after buying an additional 1,360 shares during the last quarter.

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.