Park Avenue Securities LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,567 shares of the company’s stock, valued at approximately $1,405,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atomic Invest LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 101.9% in the 2nd quarter. Atomic Invest LLC now owns 624 shares of the company’s stock worth $25,000 after acquiring an additional 315 shares in the last quarter. Valley National Advisers Inc. bought a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter valued at approximately $30,000. Allied Private Wealth LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth $38,000. Align Financial LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at about $44,000. Finally, First Bancorp Inc ME acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the second quarter valued at $51,000.
Schwab Fundamental Emerging Markets Equity ETF Price Performance
NYSEARCA:FNDE opened at $40.57 on Monday. The firm has a 50-day moving average price of $42.21 and a 200 day moving average price of $40.48. Schwab Fundamental Emerging Markets Equity ETF has a 12-month low of $34.99 and a 12-month high of $43.18. The firm has a market capitalization of $9.96 billion, a PE ratio of 10.04 and a beta of 0.56.
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.
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