Magnolia Private Wealth LLC Makes New Investment in Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE)

Magnolia Private Wealth LLC bought a new position in shares of Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 42,752 shares of the company’s stock, valued at approximately $1,242,000. Schwab Fundamental Emerging Markets Large Company Index ETF makes up about 0.7% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Angeles Wealth Management LLC bought a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF during the third quarter worth about $90,000. BNP Paribas Financial Markets bought a new position in Schwab Fundamental Emerging Markets Large Company Index ETF in the 3rd quarter valued at about $164,000. Intelligence Driven Advisers LLC acquired a new position in shares of Schwab Fundamental Emerging Markets Large Company Index ETF in the 3rd quarter valued at approximately $200,000. Savvy Advisors Inc. bought a new stake in shares of Schwab Fundamental Emerging Markets Large Company Index ETF during the 3rd quarter worth approximately $210,000. Finally, US Bancorp DE boosted its position in shares of Schwab Fundamental Emerging Markets Large Company Index ETF by 150.2% during the 3rd quarter. US Bancorp DE now owns 6,950 shares of the company’s stock worth $224,000 after acquiring an additional 4,172 shares in the last quarter.

Schwab Fundamental Emerging Markets Large Company Index ETF Price Performance

Shares of NYSEARCA:FNDE opened at $30.86 on Wednesday. The company’s 50 day simple moving average is $29.56 and its 200 day simple moving average is $30.46. Schwab Fundamental Emerging Markets Large Company Index ETF has a 1 year low of $27.02 and a 1 year high of $33.99. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 7.83 and a beta of 0.79.

Schwab Fundamental Emerging Markets Large Company Index ETF Company 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.