Bleakley Financial Group LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Free Report) by 559.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 439,715 shares of the company’s stock after acquiring an additional 373,027 shares during the quarter. Bleakley Financial Group LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $16,823,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of FNDE. BCS Wealth Management lifted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 206.2% in the fourth quarter. BCS Wealth Management now owns 74,359 shares of the company’s stock worth $2,681,000 after acquiring an additional 50,076 shares in the last quarter. Embree Financial Group grew its stake in Schwab Fundamental Emerging Markets Equity ETF by 93.1% during the 4th quarter. Embree Financial Group now owns 133,367 shares of the company’s stock valued at $4,809,000 after purchasing an additional 64,307 shares in the last quarter. Caerus Investment Advisors LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth approximately $710,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Schwab Fundamental Emerging Markets Equity ETF by 905.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,256 shares of the company’s stock worth $1,055,000 after purchasing an additional 26,345 shares during the last quarter. Finally, Capital Developers LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $4,464,000.
Schwab Fundamental Emerging Markets Equity ETF Stock Down 1.0%
Shares of FNDE opened at $40.13 on Tuesday. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56. The business’s 50 day moving average is $40.60 and its two-hundred day moving average is $39.34. Schwab Fundamental Emerging Markets Equity ETF has a 52-week low of $33.10 and a 52-week high of $42.43.
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.
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