HighTower Advisors LLC Buys 307,168 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

HighTower Advisors LLC grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 539.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 364,132 shares of the company’s stock after acquiring an additional 307,168 shares during the period. HighTower Advisors LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $13,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the third quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock valued at $85,290,000 after acquiring an additional 141,075 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.6% during the fourth quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock valued at $66,856,000 after acquiring an additional 80,741 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,221,126 shares of the company’s stock valued at $44,156,000 after acquiring an additional 17,626 shares in the last quarter. Unison Advisors LLC increased its holdings in Schwab Fundamental Emerging Markets Equity ETF by 2.5% during the fourth quarter. Unison Advisors LLC now owns 998,564 shares of the company’s stock valued at $36,008,000 after buying an additional 24,677 shares during the period. Finally, Almanack Investment Partners LLC. increased its holdings in Schwab Fundamental Emerging Markets Equity ETF by 1.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 698,754 shares of the company’s stock valued at $25,197,000 after buying an additional 8,563 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of FNDE stock opened at $40.57 on Monday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. The company’s 50 day moving average is $39.49 and its 200 day moving average is $38.37. Schwab Fundamental Emerging Markets Equity ETF has a 52-week low of $31.25 and a 52-week 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.