Simplicity Wealth LLC Makes New Investment in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE)

Simplicity Wealth LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,701 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also modified their holdings of the company. Northern Trust Corp bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF in the fourth quarter worth approximately $278,000. Jones Financial Companies Lllp boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 73.4% during the fourth quarter. Jones Financial Companies Lllp now owns 16,307 shares of the company’s stock worth $474,000 after acquiring an additional 6,905 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 5,268.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,181 shares of the company’s stock worth $34,000 after acquiring an additional 1,159 shares during the last quarter. LPL Financial LLC boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 29.0% during the fourth quarter. LPL Financial LLC now owns 319,931 shares of the company’s stock worth $9,294,000 after acquiring an additional 72,012 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 18.0% during the fourth quarter. US Bancorp DE now owns 8,201 shares of the company’s stock worth $238,000 after acquiring an additional 1,251 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:FNDE opened at $32.55 on Friday. The firm has a fifty day moving average price of $30.82 and a 200 day moving average price of $30.33. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $26.43 and a fifty-two week high of $34.00. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 9.94 and a beta of 0.60.

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.