Nicholas Hoffman & Company LLC. boosted its position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,179 shares of the company’s stock after buying an additional 25,620 shares during the quarter. Schwab Fundamental Emerging Markets Equity ETF makes up approximately 0.3% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 21st biggest position. Nicholas Hoffman & Company LLC.’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $13,207,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Delta Asset Management LLC TN purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth approximately $25,000. Phillips Financial Management LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth $29,000. NBC Securities Inc. bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth $32,000. Finally, Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 712 shares during the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Stock Down 1.7%
NYSEARCA FNDE opened at $39.42 on Wednesday. The company has a 50-day simple moving average of $40.61 and a two-hundred day simple moving average of $39.22. Schwab Fundamental Emerging Markets Equity ETF has a 12-month low of $33.10 and a 12-month high of $42.43. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56.
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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