Resonant Capital Advisors LLC Lowers Stock Holdings in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Resonant Capital Advisors LLC cut its position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 12.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 556,985 shares of the company’s stock after selling 82,632 shares during the period. Schwab Fundamental Emerging Markets Equity ETF makes up 1.1% of Resonant Capital Advisors LLC’s portfolio, making the stock its 26th biggest holding. Resonant Capital Advisors LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $21,310,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $321,000. Royal Bank of Canada increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 157,591 shares of the company’s stock worth $4,855,000 after buying an additional 886 shares during the period. Baird Financial Group Inc. lifted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 17.6% during the 2nd quarter. Baird Financial Group Inc. now owns 91,243 shares of the company’s stock worth $3,012,000 after buying an additional 13,653 shares in the last quarter. Cerity Partners LLC boosted its position in Schwab Fundamental Emerging Markets Equity ETF by 2.3% in the 2nd quarter. Cerity Partners LLC now owns 41,379 shares of the company’s stock valued at $1,366,000 after buying an additional 930 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Schwab Fundamental Emerging Markets Equity ETF by 81.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 115,424 shares of the company’s stock valued at $3,810,000 after buying an additional 51,787 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:FNDE traded down $0.74 during trading on Tuesday, hitting $39.38. The company’s stock had a trading volume of 137,025 shares, compared to its average volume of 1,129,048. The business has a 50 day moving average price of $40.63 and a two-hundred day moving average price of $39.18. The company has a market capitalization of $9.20 billion, a PE ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $33.10 and a fifty-two week high of $42.43.

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.