Western Wealth Management LLC Takes $466,000 Position in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Western Wealth Management LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,186 shares of the company’s stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley grew its position in Schwab Fundamental Emerging Markets Equity ETF by 45.8% in the fourth quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock valued at $147,096,000 after acquiring an additional 1,281,067 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 17,571.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,194,405 shares of the company’s stock valued at $43,070,000 after purchasing an additional 1,187,646 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock worth $4,433,914,000 after purchasing an additional 1,100,486 shares during the last quarter. Bank of America Corp DE increased its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock worth $107,101,000 after purchasing an additional 641,952 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at about $15,921,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 0.1%

NYSEARCA:FNDE opened at $41.33 on Tuesday. The firm has a market cap of $9.73 billion, a PE ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $33.41 and a 12 month high of $42.43. The company’s 50-day moving average price is $40.52 and its two-hundred day moving average price is $39.76.

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.