Victory Capital Management Inc. Reduces Position in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Victory Capital Management Inc. cut its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,022,130 shares of the company’s stock after selling 214,383 shares during the quarter. Victory Capital Management Inc. owned 0.93% of Schwab Fundamental Emerging Markets Equity ETF worth $73,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FNDE. Cullen Frost Bankers Inc. purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter worth $29,000. Mather Group LLC. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at $36,000. PFS Partners LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at about $39,000. First Horizon Advisors Inc. boosted its position in Schwab Fundamental Emerging Markets Equity ETF by 1,154.1% in the second quarter. First Horizon Advisors Inc. now owns 1,229 shares of the company’s stock worth $41,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the second quarter worth approximately $42,000.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.6%

FNDE opened at $38.02 on Friday. The firm’s 50 day simple moving average is $38.59 and its two-hundred day simple moving average is $36.95. The company has a market capitalization of $8.68 billion, a PE 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.

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.