Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Reaches New 52-Week High – Time to Buy?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDEGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $40.31 and last traded at $40.3250, with a volume of 712476 shares changing hands. The stock had previously closed at $39.83.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

The company’s 50-day moving average price is $37.52 and its 200-day moving average price is $36.38. The company has a market cap of $9.05 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Trading of Schwab Fundamental Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Delta Asset Management LLC TN acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $25,000. Phillips Financial Management LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $29,000. Finally, NBC Securities Inc. bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $32,000.

About Schwab Fundamental Emerging Markets Equity ETF

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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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