Janney Montgomery Scott Increases Investment in Schwab Fundamental Emerging Markets ETF

Janney Montgomery Scott LLC has increased its holdings in the Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE – Free Report) by 9.5% during the fourth quarter, according to a report from Holdings Channel. Following the purchase of an extra 6,011 shares in this period, the institutional investor now owns a total of 69,610 shares of the ETF. The value of their stake in Schwab's ETF is approximately $2,022,000, based on the most recent filing with the SEC.

In addition to Janney Montgomery Scott LLC, several other significant investors have recently adjusted their positions in this ETF. Future Financial Wealth Management LLC acquired a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF during the third quarter, valued at about $26,000. Meanwhile, Whittier Trust Co. also purchased a new position in the ETF in the same quarter, valued at approximately $28,000. Angeles Wealth Management LLC made a more considerable investment by acquiring shares worth about $90,000. Additionally, Signaturefd LLC increased its holdings by 24.6%, after buying 968 more shares last quarter, bringing its total ownership to 4,904 shares valued at around $158,000. Lastly, BNP Paribas Financial Markets entered the market with a new stake valued at roughly $164,000 during the third quarter.

Market Performance of Schwab ETF

As of the most recent trading session, shares of the Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) opened at $29.57. The ETF currently holds a market capitalization of $5.92 billion and has a P/E ratio of 7.83, with a beta of 0.79. Over the past year, the ETF has reached a low of $26.35 and a high of $33.99. In terms of moving averages, the 50-day moving average stands at $29.62, while the 200-day moving average is at $30.29.

Overview of Schwab ETF

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that primarily invests in large-cap equities. This fund tracks an index comprised of stocks from emerging markets. The selection and weighting of stocks within the fund are based on three fundamental factors: sales, cash flow, and dividends or buybacks.

Additional Information

For further insights and information regarding hedge fund holdings in FNDE, you may reference the latest 13F filings and insider trades related to the Schwab Fundamental Emerging Markets Large Company Index ETF.

Investment, ETF, Shares