Sonoma Allocations LLC Makes New $1.86 Million Investment in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Sonoma Allocations LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,788 shares of the company’s stock, valued at approximately $1,863,000.

A number of other hedge funds also recently made changes to their positions in FNDE. Bank of America Corp DE boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock valued at $107,101,000 after acquiring an additional 641,952 shares in the last quarter. Quantinno Capital Management LP raised its position in Schwab Fundamental Emerging Markets Equity ETF by 25.5% in the first quarter. Quantinno Capital Management LP now owns 77,032 shares of the company’s stock worth $2,947,000 after purchasing an additional 15,670 shares in the last quarter. Waverly Advisors LLC raised its position in Schwab Fundamental Emerging Markets Equity ETF by 18.6% in the first quarter. Waverly Advisors LLC now owns 93,914 shares of the company’s stock worth $3,593,000 after purchasing an additional 14,711 shares in the last quarter. Renaissance Technologies LLC raised its position in Schwab Fundamental Emerging Markets Equity ETF by 56.8% in the first quarter. Renaissance Technologies LLC now owns 46,400 shares of the company’s stock worth $1,775,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Morningstar Investment Management LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 3.3% during the first quarter. Morningstar Investment Management LLC now owns 723,788 shares of the company’s stock worth $27,692,000 after purchasing an additional 22,898 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 2.1%

NYSEARCA FNDE opened at $41.01 on Friday. The stock’s 50 day moving average is $40.49 and its two-hundred day moving average is $39.71. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $33.10 and a 1-year high of $42.43.

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.