Western Wealth Management LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 12,186 shares of the company’s stock, valued at approximately $466,000.
A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock valued at $4,433,914,000 after buying an additional 1,100,486 shares during the period. Morgan Stanley increased its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 45.8% during the 4th quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock worth $147,096,000 after buying an additional 1,281,067 shares during the last quarter. Bank of America Corp DE raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.8% in the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock worth $107,101,000 after buying an additional 641,952 shares during the period. Bogart Wealth LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.6% in the 4th quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock worth $66,856,000 after buying an additional 80,741 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 17,571.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,194,405 shares of the company’s stock valued at $43,070,000 after acquiring an additional 1,187,646 shares during the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Trading Down 0.1%
Shares of Schwab Fundamental Emerging Markets Equity ETF stock opened at $41.28 on Friday. The business’s fifty day moving average price is $40.56 and its 200 day moving average price is $39.97. Schwab Fundamental Emerging Markets Equity ETF has a twelve month low of $34.07 and a twelve month high of $42.43. The stock has a market capitalization of $9.72 billion, a P/E ratio of 10.04 and a beta of 0.56.
Schwab Fundamental Emerging Markets Equity ETF Profile
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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