Independent Advisor Alliance Purchases 17,627 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Independent Advisor Alliance lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 304.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,415 shares of the company’s stock after buying an additional 17,627 shares during the period. Independent Advisor Alliance’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $844,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Embree Financial Group grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 93.1% during the fourth quarter. Embree Financial Group now owns 133,367 shares of the company’s stock valued at $4,809,000 after buying an additional 64,307 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at about $710,000. Cowa LLC lifted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 11.0% in the 3rd quarter. Cowa LLC now owns 307,229 shares of the company’s stock valued at $11,109,000 after acquiring an additional 30,350 shares during the last quarter. BCS Wealth Management boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 206.2% during the 4th quarter. BCS Wealth Management now owns 74,359 shares of the company’s stock valued at $2,681,000 after acquiring an additional 50,076 shares during the period. Finally, Seven Springs Wealth Group LLC boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 10.3% during the 3rd quarter. Seven Springs Wealth Group LLC now owns 436,600 shares of the company’s stock valued at $15,787,000 after acquiring an additional 40,732 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

FNDE opened at $40.19 on Friday. The stock’s 50 day simple moving average is $39.28 and its 200 day simple moving average is $38.25. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a 1 year low of $31.25 and a 1 year high of $41.78.

Schwab Fundamental Emerging Markets Equity ETF 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.