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

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.19 and last traded at $38.07, with a volume of 683264 shares traded. The stock had previously closed at $37.66.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 0.6%

The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62. The company has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $35.79.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FNDE. AlphaCore Capital LLC lifted its position in Schwab Fundamental Emerging Markets Equity ETF by 26,387.4% in the second quarter. AlphaCore Capital LLC now owns 585,637 shares of the company’s stock valued at $19,332,000 after purchasing an additional 583,426 shares during the period. Financial Consulate Inc. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $15,921,000. Balanced Wealth Group LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $10,622,000. Tandem Financial LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 2nd quarter valued at approximately $8,444,000. Finally, EP Wealth Advisors LLC boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 371.4% in the second quarter. EP Wealth Advisors LLC now owns 306,241 shares of the company’s stock valued at $10,109,000 after buying an additional 241,281 shares in 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. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.