Sequoia Financial Advisors Increases Stake in Schwab Fundamental Emerging Markets ETF

In the third quarter, Sequoia Financial Advisors LLC significantly increased its stake in the Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE) by 64.3%. According to recent reports by Holdings Channel, the firm acquired an additional 5,476 shares, bringing its total holdings to 13,996 shares. The overall value of Sequoia's investment in FNDE is approximately $452,000, as noted in their latest filing with the Securities and Exchange Commission (SEC).

Several other investment funds have also adjusted their investments in FNDE recently. For instance, Triad Wealth Partners LLC initiated a new position during the second quarter valued at $26,000. Similarly, Future Financial Wealth Management LLC made a new investment in the ETF during the third quarter, also valued at $26,000. Other firms, including BOK Financial Private Wealth Inc. and Whittier Trust Co., have also entered positions in FNDE, with investments around $27,000 and $28,000, respectively. Iron Horse Wealth Management LLC joined the group by purchasing stakes valued at $31,000 during the second quarter.

Performance Overview of FNDE

As of the latest market opening, shares of the Schwab Fundamental Emerging Markets Large Company Index ETF were trading at approximately $31.81. The ETF has a fifty-day moving average of $31.07 and a two-hundred-day moving average of $29.95. With a market capitalization of $6.37 billion, the ETF boasts a P/E ratio of 7.83 and has shown a beta of 0.79. Notably, the ETF has fluctuated between a low of $25.13 and a high of $33.99 over the past year.

About the ETF

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

Conclusion

The ongoing interest from investment funds in the Schwab Fundamental Emerging Markets Large Company Index ETF highlights the growing recognition of its potential in the expanding markets sector. As investors navigate emerging market opportunities, FNDE remains a focal point in many portfolios.

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