Westover Capital Advisors LLC Buys New Stake in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Westover Capital Advisors LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 178,334 shares of the company’s stock, valued at approximately $7,467,000. Schwab Fundamental Emerging Markets Equity ETF makes up about 1.2% of Westover Capital Advisors LLC’s portfolio, making the stock its 20th largest position.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in Schwab Fundamental Emerging Markets Equity ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock worth $107,101,000 after purchasing an additional 641,952 shares during the last quarter. Arlington Financial Advisors LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at about $33,571,000. Morningstar Investment Management LLC boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.3% during the first quarter. Morningstar Investment Management LLC now owns 723,788 shares of the company’s stock worth $27,692,000 after buying an additional 22,898 shares during the period. Johnson Bixby & Associates LLC boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.0% during the third quarter. Johnson Bixby & Associates LLC now owns 614,918 shares of the company’s stock worth $25,747,000 after buying an additional 17,909 shares during the period. Finally, Aspiriant LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth about $22,404,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 2.0%

Shares of FNDE stock opened at $40.86 on Tuesday. The stock has a market capitalization of $10.01 billion, a PE ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 52-week low of $34.99 and a 52-week high of $43.18. The stock’s 50-day moving average price is $42.24 and its 200 day moving average price is $40.39.

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.