Summitry LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 21,606 shares of the company’s stock, valued at approximately $779,000.
A number of other hedge funds and other institutional investors have also modified their holdings of FNDE. Delta Asset Management LLC TN purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $25,000. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth about $29,000. NBC Securities Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $32,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after buying an additional 712 shares in the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA FNDE opened at $40.57 on Tuesday. The company has a market cap of $9.46 billion, a PE ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $31.25 and a 12 month high of $41.78. The company has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $38.40.
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.
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