Envestnet Asset Management Inc. Purchases 17,626 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Envestnet Asset Management Inc. raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,221,126 shares of the company’s stock after purchasing an additional 17,626 shares during the quarter. Envestnet Asset Management Inc. owned 0.56% of Schwab Fundamental Emerging Markets Equity ETF worth $44,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter valued at approximately $321,000. Royal Bank of Canada boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 157,591 shares of the company’s stock worth $4,855,000 after acquiring an additional 886 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $211,000. IFP Advisors Inc increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 34.8% in the 2nd quarter. IFP Advisors Inc now owns 26,305 shares of the company’s stock worth $868,000 after purchasing an additional 6,798 shares in the last quarter. Finally, Perfromance Wealth Partners LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF in the 2nd quarter worth $702,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

NYSEARCA FNDE opened at $39.83 on Wednesday. The business’s fifty day moving average is $37.35 and its 200 day moving average is $36.29. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $26.43 and a fifty-two week high of $40.28. The company has a market capitalization of $9.09 billion, a PE ratio of 10.04 and a beta of 0.62.

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.