Schwab Fundamental Emerging Markets Equity ETF $FNDE Stock: Professional Financial Management Inc. Boosts Holdings

Professional Financial Management Inc. boosted its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 98.5% in the 3rd quarter, Holdings Channel reports. The firm owned 28,947 shares of the company’s stock after purchasing an additional 14,365 shares during the period. Schwab Fundamental Emerging Markets Equity ETF comprises about 1.2% of Professional Financial Management Inc.’s portfolio, making the stock its 18th largest holding. Professional Financial Management Inc.’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNDE. Arlington Financial Advisors LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $33,571,000. Bank of America Corp DE grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.8% in the first quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock valued at $107,101,000 after buying an additional 641,952 shares in the last quarter. Aspiriant LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at $22,404,000. Bleakley Financial Group LLC raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 559.4% in the 1st quarter. Bleakley Financial Group LLC now owns 439,715 shares of the company’s stock valued at $16,823,000 after buying an additional 373,027 shares during the period. Finally, Moller Wealth Partners purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at $15,590,000.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.7%

FNDE opened at $41.68 on Friday. The stock’s 50-day moving average price is $42.27 and its 200 day moving average price is $41.16. Schwab Fundamental Emerging Markets Equity ETF has a 12-month low of $34.99 and a 12-month high of $43.18. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56.

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.