Synovus Financial Corp Makes New Investment in Schwab Fundamental Emerging Markets Equity ETF $FNDE

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

Several other large investors have also added to or reduced their stakes in FNDE. Abbington Investment Group purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth about $5,345,000. Embree Financial Group grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 258.4% in the third quarter. Embree Financial Group now owns 69,060 shares of the company’s stock worth $2,497,000 after purchasing an additional 49,790 shares during the last quarter. Tandem Financial LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the second quarter worth $8,444,000. Cetera Investment Advisers increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 60.8% in the second quarter. Cetera Investment Advisers now owns 183,487 shares of the company’s stock worth $6,057,000 after buying an additional 69,397 shares during the period. Finally, Etesian Wealth Advisors Inc. increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 23.9% in the third quarter. Etesian Wealth Advisors Inc. now owns 108,233 shares of the company’s stock valued at $3,914,000 after acquiring an additional 20,883 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 1.6%

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

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.