Schwab Fundamental Emerging Markets Equity ETF $FNDE Shares Acquired by Morningstar Investment Management LLC

Morningstar Investment Management LLC increased its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 700,890 shares of the company’s stock after purchasing an additional 47,915 shares during the period. Schwab Fundamental Emerging Markets Equity ETF accounts for 1.5% of Morningstar Investment Management LLC’s portfolio, making the stock its 11th largest position. Morningstar Investment Management LLC owned approximately 0.31% of Schwab Fundamental Emerging Markets Equity ETF worth $25,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FNDE. Delta Asset Management LLC TN bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth $25,000. Phillips Financial Management LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth $27,000. Cullen Frost Bankers Inc. bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth $29,000. NBC Securities Inc. bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth $32,000. Finally, Russell Investments Group Ltd. grew its stake in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after buying an additional 712 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of FNDE opened at $40.57 on Monday. The company has a market cap of $9.46 billion, a P/E ratio of 10.04 and a beta of 0.55. The stock has a fifty day moving average price of $39.49 and a 200 day moving average price of $38.37. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $31.25 and a 12 month high of $41.78.

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.