Droms Strauss Advisors Inc. MO ADV Buys New Holdings in Schwab Fundamental Emerging Markets Equity ETF $FNDE
by Kim Johansen · The Markets DailyDroms Strauss Advisors Inc. MO ADV purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 359,798 shares of the company’s stock, valued at approximately $12,974,000. Schwab Fundamental Emerging Markets Equity ETF makes up approximately 3.4% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 9th largest holding. Droms Strauss Advisors Inc. MO ADV owned about 0.16% of Schwab Fundamental Emerging Markets Equity ETF as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Delta Asset Management LLC TN bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth about $25,000. Phillips Financial Management LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at about $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter valued at about $29,000. NBC Securities Inc. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth about $32,000. Finally, Russell Investments Group Ltd. raised its position 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 in the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Trading Up 0.7%
FNDE stock opened at $41.00 on Friday. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $32.10 and a 1-year high of $42.43. The business’s 50 day moving average is $40.47 and its 200-day moving average is $38.77. The firm has a market cap of $9.56 billion, a P/E ratio of 10.04 and a beta of 0.55.
Schwab Fundamental Emerging Markets Equity ETF Company 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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