Sequoia Financial Advisors LLC Increases Holdings in Schwab Fundamental Emerging Markets Large Company Index ETF

Sequoia Financial Advisors LLC has significantly increased its holdings in the Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) by 64.3% during the third quarter of 2024, as reported by Holdings Channel. Following this increase, the fund owns 13,996 shares after purchasing an additional 5,476 shares in this period. As of the latest filing with the Securities and Exchange Commission (SEC), these holdings are valued at approximately $452,000.

In addition to Sequoia Financial Advisors, several other hedge funds have also modified their positions in FNDE. For instance, Triad Wealth Partners LLC acquired a new stake in FNDE during the second quarter with an investment valued at $26,000. Similarly, Future Financial Wealth Management LLC also entered a new position in the ETF during the third quarter, with a stake worth $26,000. Other hedge funds include BOK Financial Private Wealth Inc., which took a new stake valued at $27,000 during the first quarter, and Whittier Trust Co., which purchased a stake worth $28,000 in the third quarter. Iron Horse Wealth Management LLC contributed by acquiring a new stake in FNDE worth $31,000 during the second quarter.

Performance of Schwab Fundamental Emerging Markets Large Company Index ETF

The shares of Schwab Fundamental Emerging Markets Large Company Index ETF opened at $31.81 on Monday. The fifty-day moving average price stands at $31.07, while the two-hundred-day moving average price is at $29.95. The company's market capitalization is approximately $6.37 billion. Additionally, it has a price-to-earnings (P/E) ratio of 7.83 and a beta of 0.79, indicating its relative stability compared to the market. Over the past year, the ETF has seen a low of $25.13 and a high of $33.99.

Overview of Schwab Fundamental Emerging Markets Large Company Index 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 aims to track an index comprised of emerging market stocks. Its selection and weighting of stocks are grounded in three fundamental factors: sales, cash flow, and dividends or buybacks.

ETF, Finance, Investing