Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sets New 1-Year High – Time to Buy?

by · The Cerbat Gem

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.18 and last traded at $42.9410, with a volume of 1496373 shares traded. The stock had previously closed at $43.08.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

The stock has a market cap of $10.12 billion, a P/E ratio of 10.04 and a beta of 0.55. The stock’s 50-day moving average is $41.08 and its two-hundred day moving average is $40.27.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at approximately $321,000. Royal Bank of Canada boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 157,591 shares of the company’s stock valued at $4,855,000 after acquiring an additional 886 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 17.6% during the 2nd quarter. Baird Financial Group Inc. now owns 91,243 shares of the company’s stock valued at $3,012,000 after acquiring an additional 13,653 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.3% in the second quarter. Cerity Partners LLC now owns 41,379 shares of the company’s stock valued at $1,366,000 after purchasing an additional 930 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 81.4% in the second quarter. Qube Research & Technologies Ltd now owns 115,424 shares of the company’s stock valued at $3,810,000 after purchasing an additional 51,787 shares in the last quarter.

About Schwab Fundamental Emerging Markets Equity ETF

(Get Free Report)

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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