Riverchase Wealth Management LLC Invests $592,000 in Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE)

Riverchase Wealth Management LLC purchased a new position in Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,374 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Schwab Fundamental Emerging Markets Large Company Index ETF by 14.1% in the 3rd quarter. FMR LLC now owns 14,779,058 shares of the company’s stock worth $476,920,000 after acquiring an additional 1,828,216 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF during the fourth quarter valued at approximately $14,428,000. Nicholas Hoffman & Company LLC. grew its stake in Schwab Fundamental Emerging Markets Large Company Index ETF by 420.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 229,867 shares of the company’s stock worth $6,678,000 after buying an additional 185,661 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Schwab Fundamental Emerging Markets Large Company Index ETF by 606.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,568 shares of the company’s stock worth $6,150,000 after buying an additional 163,597 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Large Company Index ETF during the 3rd quarter valued at $4,987,000.

Schwab Fundamental Emerging Markets Large Company Index ETF Stock Performance

NYSEARCA FNDE opened at $31.30 on Friday. Schwab Fundamental Emerging Markets Large Company Index ETF has a 52-week low of $27.12 and a 52-week high of $34.00. The company has a fifty day moving average of $30.50 and a 200-day moving average of $30.63. The company has a market capitalization of $6.64 billion, a P/E ratio of 10.45 and a beta of 0.73.

About Schwab Fundamental Emerging Markets Large Company Index 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.