Schwab Fundamental Emerging Markets Equity ETF $FNDE Stock: Cowa LLC Reduces Holdings

Cowa LLC lessened its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 296,744 shares of the company’s stock after selling 41,068 shares during the quarter. Schwab Fundamental Emerging Markets Equity ETF makes up approximately 3.0% of Cowa LLC’s portfolio, making the stock its 10th largest holding. Cowa LLC owned 0.12% of Schwab Fundamental Emerging Markets Equity ETF worth $12,425,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FNDE. Atomic Invest LLC lifted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 101.9% in the 2nd quarter. Atomic Invest LLC now owns 624 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares during the last quarter. Allen Capital Group LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.4% in the first quarter. Allen Capital Group LLC now owns 95,989 shares of the company’s stock worth $3,673,000 after buying an additional 348 shares during the last quarter. SteelPeak Wealth LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.6% in the third quarter. SteelPeak Wealth LLC now owns 13,605 shares of the company’s stock worth $570,000 after buying an additional 348 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.7% in the third quarter. Root Financial Partners LLC now owns 13,690 shares of the company’s stock worth $573,000 after buying an additional 614 shares during the last quarter. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth about $27,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA FNDE opened at $40.83 on Thursday. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 10.04 and a beta of 0.59. The business’s 50-day simple moving average is $42.13 and its 200-day simple moving average is $40.52. Schwab Fundamental Emerging Markets Equity ETF has a 52 week low of $34.99 and a 52 week high of $43.18.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

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.