Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Shares Gap Down – Here’s What Happened

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) gapped down before the market opened on Thursday . The stock had previously closed at $37.06, but opened at $35.58. Schwab Fundamental Emerging Markets Equity ETF shares last traded at $35.6380, with a volume of 227,055 shares.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62. The company’s fifty day moving average price is $36.70 and its 200-day moving average price is $34.91.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter valued at $29,000. Mather Group LLC. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter worth $36,000. Russell Investments Group Ltd. increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after purchasing an additional 712 shares in the last quarter. PFS Partners LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth approximately $39,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at about $44,000.

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.