Moller Wealth Partners purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 372,354 shares of the company’s stock, valued at approximately $15,590,000. Schwab Fundamental Emerging Markets Equity ETF makes up approximately 2.9% of Moller Wealth Partners’ holdings, making the stock its 14th biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Atomic Invest LLC increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 101.9% in the second quarter. Atomic Invest LLC now owns 624 shares of the company’s stock worth $25,000 after buying an additional 315 shares during the last quarter. Allied Private Wealth LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $38,000. First Bancorp Inc ME bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $51,000. Continuum Advisory LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter valued at $113,000.
Schwab Fundamental Emerging Markets Equity ETF Price Performance
Shares of FNDE stock opened at $42.69 on Friday. The firm has a market cap of $10.47 billion, a P/E ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.99 and a 1-year high of $43.18. The firm has a fifty day moving average of $42.20 and a two-hundred day moving average of $41.01.
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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