Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Shares Gap Down – Here’s What Happened

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $37.06, but opened at $35.58. Schwab Fundamental Emerging Markets Equity ETF shares last traded at $35.6380, with a volume of 227,055 shares changing hands.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 3.7%

The firm’s 50-day simple moving average is $36.73 and its 200 day simple moving average is $34.88. The stock has a market cap of $7.74 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Trading of Schwab Fundamental Emerging Markets Equity ETF

Several hedge funds have recently added to or reduced their stakes in FNDE. Revolve Wealth Partners LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth $321,000. HighTower Advisors LLC grew its position in Schwab Fundamental Emerging Markets Equity ETF by 2.4% in the 1st quarter. HighTower Advisors LLC now owns 52,471 shares of the company’s stock valued at $1,616,000 after buying an additional 1,244 shares in the last quarter. Trivium Point Advisory LLC increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 23.7% during the 1st quarter. Trivium Point Advisory LLC now owns 27,795 shares of the company’s stock valued at $856,000 after buying an additional 5,325 shares during the period. Cowa LLC increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 12.2% during the 1st quarter. Cowa LLC now owns 195,200 shares of the company’s stock valued at $6,012,000 after buying an additional 21,168 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 11.4% during the 1st quarter. Raymond James Financial Inc. now owns 553,171 shares of the company’s stock worth $17,038,000 after buying an additional 56,527 shares in the last quarter.

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.