Pinnacle Wealth Management LLC Buys Shares of 126,253 Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE)

Pinnacle Wealth Management LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 126,253 shares of the company’s stock, valued at approximately $3,380,000. Schwab Fundamental Emerging Markets Large Company Index ETF accounts for about 3.4% of Pinnacle Wealth Management LLC’s holdings, making the stock its 7th biggest position.

A number of other hedge funds also recently modified their holdings of FNDE. Cetera Advisors LLC increased its position in Schwab Fundamental Emerging Markets Large Company Index ETF by 5.4% in the second quarter. Cetera Advisors LLC now owns 20,120 shares of the company’s stock worth $539,000 after buying an additional 1,032 shares during the last quarter. Citigroup Inc. grew its stake in shares of Schwab Fundamental Emerging Markets Large Company Index ETF by 624.6% during the 2nd quarter. Citigroup Inc. now owns 1,210 shares of the company’s stock worth $32,000 after acquiring an additional 1,043 shares during the period. Financial Architects Inc purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 2nd quarter worth about $240,000. Cetera Investment Advisers raised its stake in Schwab Fundamental Emerging Markets Large Company Index ETF by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,329 shares of the company’s stock valued at $437,000 after acquiring an additional 2,162 shares during the period. Finally, Charles Schwab Investment Advisory Inc. lifted its holdings in Schwab Fundamental Emerging Markets Large Company Index ETF by 1.3% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 117,897,939 shares of the company’s stock valued at $3,156,128,000 after purchasing an additional 1,504,375 shares during the last quarter.

Schwab Fundamental Emerging Markets Large Company Index ETF Price Performance

NYSEARCA:FNDE traded up $0.03 on Friday, reaching $26.87. 409,138 shares of the company’s stock were exchanged, compared to its average volume of 545,735. The stock has a fifty day simple moving average of $26.15 and a 200-day simple moving average of $26.61. Schwab Fundamental Emerging Markets Large Company Index ETF has a 52 week low of $24.38 and a 52 week high of $28.37. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 7.25 and a beta of 0.75.

Schwab Fundamental Emerging Markets Large Company Index 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.