Sankala Group LLC acquired a new position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,623 shares of the company’s stock, valued at approximately $491,000.
A number of other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock valued at $4,433,914,000 after buying an additional 1,100,486 shares in the last quarter. Morgan Stanley increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 45.8% during the 4th quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock worth $147,096,000 after buying an additional 1,281,067 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the third 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 during the last quarter. Bogart Wealth LLC raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.6% during the fourth quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock valued at $66,856,000 after acquiring an additional 80,741 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 17,571.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,194,405 shares of the company’s stock valued at $43,070,000 after acquiring an additional 1,187,646 shares in the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA FNDE opened at $40.94 on Friday. The firm has a 50-day simple moving average of $40.73 and a 200-day simple moving average of $38.92. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a 52 week low of $32.10 and a 52 week high of $42.43.
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.
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