345,685 Shares in Schwab Fundamental Emerging Markets Equity ETF $FNDE Purchased by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the 3rd quarter, HoldingsChannel reports. The fund acquired 345,685 shares of the company’s stock, valued at approximately $14,474,000. Schwab Fundamental Emerging Markets Equity ETF makes up 3.3% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 10th largest position.

Several other hedge funds also recently modified their holdings of the stock. Atomic Invest LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 101.9% during the 2nd quarter. Atomic Invest LLC now owns 624 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the period. Provenance Wealth Advisors LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth $27,000. Valley National Advisers Inc. acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth $30,000. Allied Private Wealth LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the second quarter valued at $38,000. Finally, Align Financial LLC acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth approximately $44,000.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 1.0%

Shares of FNDE traded up $0.40 during trading hours on Friday, reaching $40.17. The stock had a trading volume of 1,699,171 shares, compared to its average volume of 1,338,482. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $34.99 and a 12 month high of $43.18. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 10.04 and a beta of 0.59. The firm has a 50-day simple moving average of $42.05 and a 200 day simple moving average of $40.55.

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. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.