Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 12-Month High – Still a Buy?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) shares reached a new 52-week high on Wednesday . The stock traded as high as $40.31 and last traded at $40.3250, with a volume of 712476 shares traded. The stock had previously closed at $39.83.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

The business’s 50-day moving average price is $37.35 and its 200-day moving average price is $36.29. The stock has a market cap of $9.21 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at approximately $321,000. Royal Bank of Canada raised its position in shares of 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 period. Truist Financial Corp purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $211,000. IFP Advisors Inc boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 34.8% in the 2nd quarter. IFP Advisors Inc now owns 26,305 shares of the company’s stock worth $868,000 after buying an additional 6,798 shares during the period. Finally, Perfromance Wealth Partners LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF in the 2nd quarter worth $702,000.

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.