Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sees Large Volume Increase – Still a Buy?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) saw unusually-high trading volume on Tuesday . Approximately 3,011,606 shares traded hands during trading, an increase of 180% from the previous session’s volume of 1,075,514 shares.The stock last traded at $35.1150 and had previously closed at $35.46.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.0%

The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62. The business has a 50 day simple moving average of $36.68 and a 200-day simple moving average of $34.98.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson Bixby & Associates LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 5.1% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 419,921 shares of the company’s stock worth $13,862,000 after purchasing an additional 20,351 shares during the period. Farther Finance Advisors LLC grew its position in Schwab Fundamental Emerging Markets Equity ETF by 11.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,178 shares of the company’s stock worth $402,000 after purchasing an additional 1,243 shares during the last quarter. Tandem Financial LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the second quarter valued at approximately $8,444,000. Truist Financial Corp acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth approximately $211,000. Finally, Cetera Investment Advisers increased its position in Schwab Fundamental Emerging Markets Equity ETF by 60.8% in the 2nd quarter. Cetera Investment Advisers now owns 183,487 shares of the company’s stock valued at $6,057,000 after acquiring an additional 69,397 shares during the period.

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.