Pekin Hardy Strauss Inc. bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 108,767 shares of the company’s stock, valued at approximately $4,554,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNDE. Bank of America Corp DE grew its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.8% during 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. Arlington Financial Advisors LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at approximately $33,571,000. Morningstar Investment Management LLC boosted its stake in Schwab Fundamental Emerging Markets Equity ETF by 3.3% during the 1st quarter. Morningstar Investment Management LLC now owns 723,788 shares of the company’s stock worth $27,692,000 after acquiring an additional 22,898 shares during the last quarter. Johnson Bixby & Associates LLC boosted its stake in Schwab Fundamental Emerging Markets Equity ETF by 3.0% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 614,918 shares of the company’s stock worth $25,747,000 after acquiring an additional 17,909 shares during the last quarter. Finally, Aspiriant LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth approximately $22,404,000.
Schwab Fundamental Emerging Markets Equity ETF Stock Performance
Shares of NYSEARCA FNDE opened at $39.77 on Friday. The stock has a market cap of $9.76 billion, a P/E ratio of 10.04 and a beta of 0.59. The firm has a 50 day moving average price of $42.09 and a 200 day moving average price of $40.53. Schwab Fundamental Emerging Markets Equity ETF has a 52-week low of $34.99 and a 52-week high of $43.18.
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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Want to see what other hedge funds are holding FNDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report).
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