Renaissance Technologies LLC Acquires 16,800 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Renaissance Technologies LLC increased its holdings in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 56.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,400 shares of the company’s stock after purchasing an additional 16,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Delta Asset Management LLC TN bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth $25,000. Phillips Financial Management LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at about $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at about $29,000. NBC Securities Inc. purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth about $32,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 217.1% in the third 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 period.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.0%

NYSEARCA FNDE opened at $41.36 on Wednesday. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.07 and a 1-year high of $42.43. The stock has a 50-day moving average of $40.54 and a 200-day moving average of $39.92. The firm has a market cap of $9.74 billion, a PE ratio of 10.04 and a beta of 0.56.

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.