Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Hits New 52-Week High – Time to Buy?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) hit a new 52-week high during trading on Tuesday . The company traded as high as $40.99 and last traded at $40.90, with a volume of 296322 shares trading hands. The stock had previously closed at $40.42.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 1.3%

The firm has a fifty day moving average of $39.12 and a two-hundred day moving average of $38.06. The company has a market cap of $9.60 billion, a PE ratio of 10.04 and a beta of 0.55.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Large investors have recently added to or reduced their stakes in the company. World Equity Group Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 1st quarter valued at approximately $211,000. Cornerstone Planning Group LLC grew its stake in Schwab Fundamental Emerging Markets Equity ETF by 17.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 416,262 shares of the company’s stock valued at $17,042,000 after buying an additional 63,070 shares in the last quarter. Assetmark Inc. grew its stake in Schwab Fundamental Emerging Markets Equity ETF by 1.6% in the 1st quarter. Assetmark Inc. now owns 69,773 shares of the company’s stock valued at $2,670,000 after buying an additional 1,128 shares in the last quarter. Independent Financial Group LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the 1st quarter valued at approximately $226,000. Finally, Birchwood Financial Partners Inc. boosted its stake in Schwab Fundamental Emerging Markets Equity ETF by 2.1% in the 1st quarter. Birchwood Financial Partners Inc. now owns 77,333 shares of the company’s stock worth $2,959,000 after purchasing an additional 1,587 shares during the period.

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.