Waverly Advisors LLC Has $3.59 Million Stake in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Waverly Advisors LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 18.6% during the first quarter, HoldingsChannel.com reports. The fund owned 93,914 shares of the company’s stock after buying an additional 14,711 shares during the quarter. Waverly Advisors LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $3,593,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock worth $4,433,914,000 after acquiring an additional 1,100,486 shares in the last quarter. Morgan Stanley boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 45.8% during the 4th quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock valued at $147,096,000 after purchasing an additional 1,281,067 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the 3rd quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock valued at $85,290,000 after purchasing an additional 141,075 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.6% during the 4th quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock valued at $66,856,000 after purchasing an additional 80,741 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Schwab Fundamental Emerging Markets Equity ETF by 17,571.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,194,405 shares of the company’s stock worth $43,070,000 after purchasing an additional 1,187,646 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of FNDE stock opened at $40.17 on Thursday. The company has a market cap of $9.46 billion, a P/E ratio of 10.04 and a beta of 0.56. The stock has a 50 day simple moving average of $40.48 and a two-hundred day simple moving average of $39.68. 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.