Schwab Fundamental Emerging Markets Equity ETF $FNDE Stake Cut by AlphaCore Capital LLC

AlphaCore Capital LLC reduced its holdings in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,191 shares of the company’s stock after selling 17,734 shares during the period. AlphaCore Capital LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $21,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Phillips Financial Management LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter worth about $29,000. NBC Securities Inc. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth about $32,000. Russell Investments Group Ltd. increased its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after purchasing an additional 712 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter worth about $46,000.

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Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of FNDE stock opened at $40.19 on Friday. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $31.25 and a fifty-two week high of $41.78. The stock’s 50-day moving average is $39.28 and its two-hundred day moving average is $38.25. The firm has a market cap of $9.37 billion, a P/E ratio of 10.04 and a beta of 0.55.

Schwab Fundamental Emerging Markets Equity ETF Profile

(Free Report)

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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