Envestnet Asset Management Inc. Raises Stake in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Envestnet Asset Management Inc. grew its position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,221,126 shares of the company’s stock after acquiring an additional 17,626 shares during the period. Envestnet Asset Management Inc.’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $44,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FNDE. AE Wealth Management LLC boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 14.6% in the 3rd quarter. AE Wealth Management LLC now owns 2,336 shares of the company’s stock worth $84,000 after buying an additional 298 shares during the period. Frazier Financial Advisors LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 7.3% in the second quarter. Frazier Financial Advisors LLC now owns 4,519 shares of the company’s stock valued at $149,000 after acquiring an additional 309 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.5% in the second quarter. Bank of Montreal Can now owns 13,164 shares of the company’s stock worth $435,000 after acquiring an additional 324 shares during the period. Focus Financial Network Inc. grew its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 1.4% during the third quarter. Focus Financial Network Inc. now owns 24,258 shares of the company’s stock worth $877,000 after purchasing an additional 344 shares in the last quarter. Finally, Drive Wealth Management LLC raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 0.6% during the 2nd quarter. Drive Wealth Management LLC now owns 65,876 shares of the company’s stock valued at $2,175,000 after purchasing an additional 402 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

FNDE stock opened at $39.83 on Wednesday. Schwab Fundamental Emerging Markets Equity ETF has a one year low of $26.43 and a one year high of $40.28. The company’s fifty day moving average price is $37.35 and its 200-day moving average price is $36.29. The company has a market capitalization of $9.09 billion, a PE ratio of 10.04 and a beta of 0.62.

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.