Cornerstone Planning Group LLC Trims Stock Position in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Cornerstone Planning Group LLC decreased its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 99.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,064 shares of the company’s stock after selling 315,944 shares during the period. Cornerstone Planning Group LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FNDE. Mission Wealth Management LP raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 374.1% during the 3rd quarter. Mission Wealth Management LP now owns 34,453 shares of the company’s stock worth $1,246,000 after acquiring an additional 27,186 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Schwab Fundamental Emerging Markets Equity ETF by 29.7% in the third quarter. Jones Financial Companies Lllp now owns 52,732 shares of the company’s stock valued at $1,891,000 after acquiring an additional 12,061 shares in the last quarter. Lee Financial Co grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.0% during the third quarter. Lee Financial Co now owns 25,420 shares of the company’s stock worth $919,000 after purchasing an additional 739 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth about $209,000. Finally, AE Wealth Management LLC increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 14.6% during the third quarter. AE Wealth Management LLC now owns 2,336 shares of the company’s stock worth $84,000 after purchasing an additional 298 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 0.3%

Shares of NYSEARCA FNDE opened at $38.91 on Thursday. The stock has a market cap of $8.88 billion, a PE ratio of 10.04 and a beta of 0.62. Schwab Fundamental Emerging Markets Equity ETF has a 52-week low of $26.43 and a 52-week high of $40.28. The business has a 50-day moving average price of $37.17 and a 200 day moving average price of $36.13.

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.