Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Reaches New 12-Month High – Time to Buy?

by · The Cerbat Gem

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $34.92 and last traded at $34.89, with a volume of 20527 shares traded. The stock had previously closed at $34.65.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

The business has a 50-day moving average price of $33.95 and a 200 day moving average price of $32.01. The stock has a market capitalization of $7.45 billion, a P/E ratio of 10.04 and a beta of 0.75.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNDE. Frazier Financial Advisors LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 7.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 4,519 shares of the company’s stock valued at $149,000 after purchasing an additional 309 shares during the last quarter. Collective Family Office LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.5% during the 2nd quarter. Collective Family Office LLC now owns 68,516 shares of the company’s stock valued at $2,262,000 after purchasing an additional 315 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.5% during the 2nd quarter. Bank of Montreal Can now owns 13,164 shares of the company’s stock valued at $435,000 after purchasing an additional 324 shares during the last quarter. Synergy Asset Management LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 1.3% during the 2nd quarter. Synergy Asset Management LLC now owns 26,712 shares of the company’s stock valued at $882,000 after purchasing an additional 341 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 78,590 shares of the company’s stock valued at $2,594,000 after purchasing an additional 364 shares during the last quarter.

About Schwab Fundamental Emerging Markets Equity ETF

(Get Free Report)

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.

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