Northwestern Mutual Wealth Management Co. Grows Holdings in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 54.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 670,554 shares of the company’s stock after buying an additional 235,950 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $24,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the 3rd quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock worth $85,290,000 after buying an additional 141,075 shares during the period. Bogart Wealth LLC increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 4.6% during the 4th quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock worth $66,856,000 after buying an additional 80,741 shares during the period. Envestnet Asset Management Inc. increased 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 worth $44,156,000 after buying an additional 17,626 shares during the period. Unison Advisors LLC increased its stake 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 buying an additional 24,677 shares during the period. Finally, Morningstar Investment Management LLC increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 7.3% during the 4th quarter. Morningstar Investment Management LLC now owns 700,890 shares of the company’s stock worth $25,274,000 after buying an additional 47,915 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

FNDE opened at $41.12 on Monday. The company has a 50-day moving average of $39.79 and a 200-day moving average of $38.51. The company has a market capitalization of $9.59 billion, a P/E ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $31.25 and a 1-year high of $41.78.

Schwab Fundamental Emerging Markets Equity ETF 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.