Seven Springs Wealth Group LLC Acquires 40,732 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Seven Springs Wealth Group LLC grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 436,600 shares of the company’s stock after acquiring an additional 40,732 shares during the quarter. Schwab Fundamental Emerging Markets Equity ETF accounts for approximately 3.8% of Seven Springs Wealth Group LLC’s investment portfolio, making the stock its 7th largest position. Seven Springs Wealth Group LLC owned 0.20% of Schwab Fundamental Emerging Markets Equity ETF worth $15,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kaizen Financial Strategies boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 17.4% during the third quarter. Kaizen Financial Strategies now owns 50,222 shares of the company’s stock valued at $1,855,000 after purchasing an additional 7,443 shares in the last quarter. AlphaCore Capital LLC increased its position in Schwab Fundamental Emerging Markets Equity ETF by 5.0% in the 3rd quarter. AlphaCore Capital LLC now owns 614,925 shares of the company’s stock valued at $22,236,000 after acquiring an additional 29,288 shares during the period. MAI Capital Management lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 13.1% during the third quarter. MAI Capital Management now owns 132,625 shares of the company’s stock worth $4,796,000 after purchasing an additional 15,322 shares during the period. Cowa LLC grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 11.0% in the third quarter. Cowa LLC now owns 307,229 shares of the company’s stock worth $11,109,000 after purchasing an additional 30,350 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in Schwab Fundamental Emerging Markets Equity ETF by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 7,566 shares of the company’s stock valued at $274,000 after purchasing an additional 309 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of FNDE opened at $40.30 on Friday. The business has a 50-day moving average of $38.36 and a 200-day moving average of $36.83. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62. Schwab Fundamental Emerging Markets Equity ETF has a 1 year low of $26.43 and a 1 year high of $40.92.

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.