Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 52-Week High – Here’s Why

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $38.19 and last traded at $38.07, with a volume of 683264 shares. The stock had previously closed at $37.66.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 1.2%

The stock’s 50-day moving average price is $36.70 and its 200-day moving average price is $35.71. The company has a market cap of $8.65 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Schwab Fundamental Emerging Markets Equity ETF by 6.4% in the 3rd quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock valued at $85,290,000 after acquiring an additional 141,075 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 1.2% during the second quarter. Bogart Wealth LLC now owns 1,780,920 shares of the company’s stock valued at $58,788,000 after buying an additional 21,334 shares during the last quarter. 1832 Asset Management L.P. raised its position in Schwab Fundamental Emerging Markets Equity ETF by 6.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,751,536 shares of the company’s stock valued at $57,818,000 after buying an additional 98,597 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 1.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,221,126 shares of the company’s stock valued at $44,156,000 after acquiring an additional 17,626 shares in the last quarter. Finally, Unison Advisors LLC boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 2.5% during the 4th quarter. Unison Advisors LLC now owns 998,564 shares of the company’s stock worth $36,008,000 after acquiring an additional 24,677 shares during the last quarter.

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.