Financial Consulate Inc. Buys New Stake in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Financial Consulate Inc. bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 441,510 shares of the company’s stock, valued at approximately $15,921,000. Schwab Fundamental Emerging Markets Equity ETF comprises approximately 2.2% of Financial Consulate Inc.’s portfolio, making the stock its 13th largest holding. Financial Consulate Inc. owned 0.19% of Schwab Fundamental Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of FNDE. Cullen Frost Bankers Inc. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at approximately $29,000. Mather Group LLC. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at approximately $36,000. Russell Investments Group Ltd. lifted its position in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the third quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock valued at $38,000 after acquiring an additional 712 shares during the last quarter. PFS Partners LLC purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at approximately $39,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at approximately $44,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 3.0%

NYSEARCA:FNDE opened at $39.38 on Thursday. Schwab Fundamental Emerging Markets Equity ETF has a 52 week low of $26.63 and a 52 week high of $40.92. The firm has a 50 day moving average of $38.80 and a 200 day moving average of $37.46. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 10.04 and a beta of 0.59.

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.