Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Shares Gap Down – Should You Sell?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) gapped down before the market opened on Thursday . The stock had previously closed at $37.06, but opened at $35.58. Schwab Fundamental Emerging Markets Equity ETF shares last traded at $35.6380, with a volume of 227,055 shares trading hands.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 3.7%

The stock’s fifty day simple moving average is $36.73 and its two-hundred day simple moving average is $34.88. The firm has a market cap of $7.74 billion, a PE ratio of 10.04 and a beta of 0.62.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth approximately $29,000. Mather Group LLC. purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the 3rd quarter worth approximately $36,000. Russell Investments Group Ltd. lifted its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% in the 3rd 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. PFS Partners LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter valued at $39,000. Finally, Pflug Koory LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 2nd quarter worth $41,000.

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.