Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Reaches New 1-Year High – Here’s What Happened

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $37.87 and last traded at $37.8550, with a volume of 1513982 shares traded. The stock had previously closed at $37.55.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 0.9%

The company’s 50 day simple moving average is $36.64 and its 200-day simple moving average is $35.56. The firm has a market cap of $8.59 billion, a P/E ratio of 10.04 and a beta of 0.62.

Institutional Trading of Schwab Fundamental Emerging Markets Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abbington Investment Group bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at about $5,345,000. Embree Financial Group lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 258.4% during the 3rd quarter. Embree Financial Group now owns 69,060 shares of the company’s stock valued at $2,497,000 after purchasing an additional 49,790 shares during the last quarter. Tandem Financial LLC acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at approximately $8,444,000. Johnson Bixby & Associates LLC raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 5.1% in the second quarter. Johnson Bixby & Associates LLC now owns 419,921 shares of the company’s stock worth $13,862,000 after purchasing an additional 20,351 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Schwab Fundamental Emerging Markets Equity ETF by 11.4% during the second quarter. Farther Finance Advisors LLC now owns 12,178 shares of the company’s stock valued at $402,000 after acquiring an additional 1,243 shares in the last quarter.

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.