Westover Capital Advisors LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 178,334 shares of the company’s stock, valued at approximately $7,467,000. Schwab Fundamental Emerging Markets Equity ETF comprises approximately 1.2% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Westover Capital Advisors LLC owned about 0.07% of Schwab Fundamental Emerging Markets Equity ETF at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FNDE. Atomic Invest LLC grew 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 valued at $25,000 after acquiring an additional 315 shares during the period. Valley National Advisers Inc. acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth $30,000. Allied Private Wealth LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter worth $38,000. Align Financial LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $44,000. Finally, First Bancorp Inc ME purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the second quarter worth $51,000.
Schwab Fundamental Emerging Markets Equity ETF Stock Down 2.0%
Shares of NYSEARCA FNDE opened at $40.86 on Tuesday. The firm has a 50-day simple moving average of $42.24 and a 200-day simple moving average of $40.39. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 52 week low of $34.99 and a 52 week 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.
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