Hidden Cove Wealth Management LLC Makes New $1.89 Million Investment in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Hidden Cove Wealth Management LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the third quarter, Holdings Channel.com reports. The firm purchased 45,052 shares of the company’s stock, valued at approximately $1,886,000. Schwab Fundamental Emerging Markets Equity ETF accounts for approximately 1.0% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNDE. Bank of America Corp DE lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 29.8% during the first quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock valued at $107,101,000 after buying an additional 641,952 shares in the last quarter. Aspiriant LLC acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth about $22,404,000. Bleakley Financial Group LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 559.4% in the first quarter. Bleakley Financial Group LLC now owns 439,715 shares of the company’s stock worth $16,823,000 after buying an additional 373,027 shares during the period. Moller Wealth Partners purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the third quarter worth approximately $15,590,000. Finally, Kozak & Associates Inc. increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 63,629.3% in the second quarter. Kozak & Associates Inc. now owns 209,032 shares of the company’s stock worth $8,236,000 after acquiring an additional 208,704 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 0.4%

Shares of FNDE stock traded down $0.16 during trading hours on Monday, reaching $42.28. 2,705,868 shares of the stock traded hands, compared to its average volume of 1,262,947. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.99 and a 1-year high of $43.18. The business has a fifty day moving average price of $42.22 and a 200 day moving average price of $41.05. The firm has a market capitalization of $10.36 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.