Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 12-Month High – Should You Buy?

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) hit a new 52-week high on Tuesday . The company traded as high as $39.14 and last traded at $38.97, with a volume of 1249858 shares trading hands. The stock had previously closed at $38.81.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 0.4%

The firm has a market capitalization of $8.85 billion, a PE ratio of 10.04 and a beta of 0.62. The company’s 50-day simple moving average is $36.80 and its 200 day simple moving average is $35.86.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of FNDE. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter valued at about $29,000. Mather Group LLC. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at about $36,000. Russell Investments Group Ltd. boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 217.1% in the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after acquiring an additional 712 shares in the last quarter. Finally, PFS Partners LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth about $39,000.

Schwab Fundamental Emerging Markets Equity ETF Company 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.