93,889 Shares in Schwab Fundamental Emerging Markets Equity ETF $FNDE Acquired by Synovus Financial Corp

Synovus Financial Corp acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 93,889 shares of the company’s stock, valued at approximately $3,395,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNDE. Cullen Frost Bankers Inc. bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at $29,000. Mather Group LLC. acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth about $36,000. PFS Partners LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth about $39,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth about $44,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 1,154.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,229 shares of the company’s stock valued at $41,000 after purchasing an additional 1,131 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

FNDE stock opened at $40.31 on Friday. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62. The company has a 50 day simple moving average of $37.86 and a 200 day simple moving average of $36.60. Schwab Fundamental Emerging Markets Equity ETF has a 1 year low of $26.43 and a 1 year high of $40.42.

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.