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

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) reached a new 52-week high during trading on Tuesday . The company traded as high as $43.18 and last traded at $42.9410, with a volume of 1496373 shares. The stock had previously closed at $43.08.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

The stock has a market cap of $10.12 billion, a PE ratio of 10.04 and a beta of 0.55. The business has a fifty day moving average of $41.08 and a 200-day moving average of $40.27.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter worth $321,000. Royal Bank of Canada grew 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 valued at $4,855,000 after purchasing an additional 886 shares during the last quarter. Baird Financial Group Inc. grew its stake 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 valued at $3,012,000 after purchasing an additional 13,653 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.3% in the second quarter. Cerity Partners LLC now owns 41,379 shares of the company’s stock valued at $1,366,000 after purchasing an additional 930 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 81.4% in the second quarter. Qube Research & Technologies Ltd now owns 115,424 shares of the company’s stock valued at $3,810,000 after purchasing an additional 51,787 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Company 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.