Renaissance Technologies LLC grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) by 56.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,400 shares of the company’s stock after buying an additional 16,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $1,775,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in FNDE. Delta Asset Management LLC TN bought a new position in Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter valued at $25,000. Phillips Financial Management LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at about $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $29,000. NBC Securities Inc. bought a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $32,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of 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 in the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.0%
FNDE opened at $41.36 on Wednesday. The stock has a market capitalization of $9.74 billion, a P/E ratio of 10.04 and a beta of 0.56. The stock has a 50-day moving average price of $40.54 and a 200-day moving average price of $39.92. Schwab Fundamental Emerging Markets Equity ETF has a 12-month low of $34.07 and a 12-month high of $42.43.
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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