Schwab Fundamental Emerging Markets Equity ETF $FNDE Shares Newly Acquired by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 345,685 shares of the company’s stock, valued at approximately $14,474,000. Schwab Fundamental Emerging Markets Equity ETF accounts for about 3.3% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 10th largest position. Droms Strauss Advisors Inc. MO ADV owned 0.14% of Schwab Fundamental Emerging Markets Equity ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Birchwood Financial Partners Inc. lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.1% in the 3rd quarter. Birchwood Financial Partners Inc. now owns 87,562 shares of the company’s stock worth $3,666,000 after purchasing an additional 5,025 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $4,554,000. Kestra Advisory Services LLC raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 7.4% during the third quarter. Kestra Advisory Services LLC now owns 17,049 shares of the company’s stock worth $714,000 after buying an additional 1,179 shares during the last quarter. Quadcap Wealth Management LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $220,000. Finally, Commonwealth Equity Services LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $6,808,000.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 1.0%

FNDE stock traded up $0.40 during midday trading on Friday, hitting $40.17. The stock had a trading volume of 1,699,171 shares, compared to its average volume of 1,338,482. The firm has a market cap of $9.93 billion, a P/E ratio of 10.04 and a beta of 0.59. The business has a fifty day moving average price of $42.05 and a two-hundred day moving average price of $40.55. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.99 and a 1-year high of $43.18.

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.