Johnson Bixby & Associates LLC Acquires 20,351 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Johnson Bixby & Associates LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 419,921 shares of the company’s stock after purchasing an additional 20,351 shares during the quarter. Schwab Fundamental Emerging Markets Equity ETF comprises 1.9% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 14th biggest holding. Johnson Bixby & Associates LLC owned about 0.20% of Schwab Fundamental Emerging Markets Equity ETF worth $13,862,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 38.6% in the first quarter. National Bank of Canada FI now owns 900,255 shares of the company’s stock worth $27,723,000 after purchasing an additional 250,554 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 19.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,222,881 shares of the company’s stock worth $37,665,000 after acquiring an additional 200,768 shares in the last quarter. Access Financial Services Inc. purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the first quarter worth $4,729,000. Laurel Wealth Planning LLC acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the first quarter worth $4,706,000. Finally, Empowered Funds LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 1st quarter valued at $4,570,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of FNDE stock opened at $35.86 on Friday. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $26.43 and a fifty-two week high of $36.53. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 10.04 and a beta of 0.75. The stock’s 50-day simple moving average is $34.68 and its 200-day simple moving average is $32.53.

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.