Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sets New 1-Year High – Here’s Why

Shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) hit a new 52-week high during trading on Wednesday . The company traded as high as $37.87 and last traded at $37.8550, with a volume of 1513982 shares changing hands. The stock had previously closed at $37.55.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 0.7%

The company’s 50 day moving average price is $36.69 and its two-hundred day moving average price is $35.62. The firm has a market cap of $8.56 billion, a PE ratio of 10.04 and a beta of 0.62.

Institutional Trading of Schwab Fundamental Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FNDE. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at about $321,000. Royal Bank of Canada raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 157,591 shares of the company’s stock worth $4,855,000 after acquiring an additional 886 shares during the period. Parallel Advisors LLC lifted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 50.3% during the second quarter. Parallel Advisors LLC now owns 8,982 shares of the company’s stock valued at $296,000 after purchasing an additional 3,007 shares in the last quarter. Moller Wealth Partners boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.3% in the second quarter. Moller Wealth Partners now owns 375,874 shares of the company’s stock worth $12,408,000 after purchasing an additional 15,460 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,294 shares of the company’s stock worth $3,534,000 after purchasing an additional 370 shares in the last quarter.

About Schwab Fundamental Emerging Markets Equity ETF

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.