REDW Wealth LLC Purchases New Position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)

REDW Wealth LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,019 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds have also modified their holdings of the company. Northern Trust Corp acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter valued at approximately $278,000. Janney Montgomery Scott LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 12.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 78,226 shares of the company’s stock valued at $2,409,000 after acquiring an additional 8,616 shares during the period. Jones Financial Companies Lllp raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 73.4% in the 4th quarter. Jones Financial Companies Lllp now owns 16,307 shares of the company’s stock valued at $474,000 after acquiring an additional 6,905 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 5,268.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,181 shares of the company’s stock valued at $34,000 after acquiring an additional 1,159 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 21.7% in the 1st quarter. Park Avenue Securities LLC now owns 12,962 shares of the company’s stock valued at $399,000 after acquiring an additional 2,307 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:FNDE opened at $33.56 on Friday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 10.04 and a beta of 0.75. The firm’s 50 day simple moving average is $32.00 and its 200 day simple moving average is $30.58. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $26.43 and a fifty-two week high of $34.00.

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.