Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sees Large Volume Increase – Here’s Why

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) shares saw an uptick in trading volume on Tuesday . 3,011,606 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 1,075,514 shares.The stock last traded at $35.1150 and had previously closed at $35.46.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

The firm’s 50 day simple moving average is $36.68 and its 200-day simple moving average is $34.98. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 26,387.4% in the second quarter. AlphaCore Capital LLC now owns 585,637 shares of the company’s stock valued at $19,332,000 after buying an additional 583,426 shares during the last quarter. Tandem Financial LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the second quarter valued at approximately $8,444,000. EP Wealth Advisors LLC grew its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 371.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 306,241 shares of the company’s stock worth $10,109,000 after purchasing an additional 241,281 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in Schwab Fundamental Emerging Markets Equity ETF during the third quarter worth about $7,735,000. Finally, Bank of America Corp DE increased its stake in Schwab Fundamental Emerging Markets Equity ETF by 9.8% in the 2nd quarter. Bank of America Corp DE now owns 2,217,604 shares of the company’s stock valued at $73,203,000 after purchasing an additional 198,213 shares in the last quarter.

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.