Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 12-Month High – Here’s Why

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) reached a new 52-week high during trading on Monday . The stock traded as high as $40.50 and last traded at $40.3220, with a volume of 678 shares changing hands. The stock had previously closed at $40.31.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

The business has a fifty day moving average of $37.86 and a 200-day moving average of $36.64. The company has a market capitalization of $9.17 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Index Fund Advisors Inc. raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 1.6% in the 4th quarter. Index Fund Advisors Inc. now owns 17,777 shares of the company’s stock worth $641,000 after acquiring an additional 275 shares during the last quarter. Coastwise Capital Group LLC raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.2% in the fourth quarter. Coastwise Capital Group LLC now owns 9,055 shares of the company’s stock worth $327,000 after purchasing an additional 281 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 14.6% in the third quarter. AE Wealth Management LLC now owns 2,336 shares of the company’s stock valued at $84,000 after purchasing an additional 298 shares in the last quarter. Savvy Advisors Inc. boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.7% during the fourth quarter. Savvy Advisors Inc. now owns 11,691 shares of the company’s stock valued at $422,000 after buying an additional 305 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Schwab Fundamental Emerging Markets Equity ETF by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 7,566 shares of the company’s stock worth $274,000 after buying an additional 309 shares in the last quarter.

About Schwab Fundamental Emerging Markets Equity ETF

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.