Birchwood Financial Partners Inc. Buys New Stake in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Birchwood Financial Partners Inc. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,746 shares of the company’s stock, valued at approximately $2,731,000. Schwab Fundamental Emerging Markets Equity ETF comprises approximately 2.7% of Birchwood Financial Partners Inc.’s investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter valued at about $25,000. Phillips Financial Management LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $29,000. NBC Securities Inc. purchased a new position in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at approximately $32,000. Finally, Russell Investments Group Ltd. raised its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock valued at $38,000 after acquiring an additional 712 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 0.7%

Shares of NYSEARCA:FNDE opened at $40.94 on Friday. Schwab Fundamental Emerging Markets Equity ETF has a 12-month low of $32.10 and a 12-month high of $42.43. The business has a 50 day moving average of $40.70 and a two-hundred day moving average of $38.90. The company has a market capitalization of $9.54 billion, a PE ratio of 10.04 and a beta of 0.55.

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.