Schwab Fundamental Emerging Markets Equity ETF $FNDE Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 670,554 shares of the company’s stock after acquiring an additional 235,950 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.29% of Schwab Fundamental Emerging Markets Equity ETF worth $24,180,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FNDE. Delta Asset Management LLC TN acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth approximately $25,000. Phillips Financial Management LLC acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth approximately $32,000. Russell Investments Group Ltd. boosted its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after acquiring an additional 712 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth approximately $46,000.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of FNDE opened at $41.12 on Monday. The firm has a market cap of $9.59 billion, a PE ratio of 10.04 and a beta of 0.55. The company’s fifty day moving average is $39.79 and its two-hundred day moving average is $38.51. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $31.25 and a fifty-two week high of $41.78.

Schwab Fundamental Emerging Markets Equity ETF 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.