Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sets New 1-Year High – Still a Buy?

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $40.50 and last traded at $40.3220, with a volume of 678 shares traded. The stock had previously closed at $40.31.

Schwab Fundamental Emerging Markets Equity ETF Trading Down 0.3%

The company’s 50-day simple moving average is $37.86 and its 200-day simple moving average is $36.64. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock valued at $4,433,914,000 after buying an additional 1,100,486 shares during the period. Morgan Stanley increased its position in Schwab Fundamental Emerging Markets Equity ETF by 45.8% during the 4th quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock valued at $147,096,000 after purchasing an additional 1,281,067 shares during the period. Bank of America Corp DE raised its holdings in Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the 3rd quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock worth $85,290,000 after purchasing an additional 141,075 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.6% in the 4th quarter. Bogart Wealth LLC now owns 1,854,014 shares of the company’s stock worth $66,856,000 after purchasing an additional 80,741 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,751,536 shares of the company’s stock worth $57,818,000 after purchasing an additional 98,597 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.