Bank of Montreal Can Acquires New Stake in Schwab Fundamental Emerging Markets Large Company Index ETF

The Bank of Montreal Can has expanded its investment portfolio by purchasing a new stake in the Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE), listed on NYSEARCA. Recent filings with the Securities & Exchange Commission reveal that in the second quarter, the bank bought 10,711 shares valued at approximately $297,000.

Institutional Investors Follow Suit

The Bank of Montreal Can is not alone in adjusting its holdings within the Schwab Fundamental Emerging Markets Large Company Index ETF. Various institutional investors and hedge funds have also been active. For instance, Financial Freedom LLC secured a stake worth $42,000 in the fourth quarter, and Howe & Rusling Inc. invested $46,000 into FNDE around the same period.

Tower Research Capital LLC TRC notably increased its ownership by a striking 5,360.5%, now owning 2,075 shares. Similarly, Allworth Financial LP upped its shares by 44.0% during the second quarter, while Spire Wealth Management amplified its stake by 445.8% in the first quarter.

Tracking ETF Performance

The FNDE ETF has shown varying market performance, with a recent opening price of $27.18. The fund's market capitalization stands at $5.04 billion, with a price-to-earnings (P/E) ratio of 7.25 and a beta of 0.75. Its price has fluctuated over the past year, ranging from a low of $24.38 to a high of $28.37, while it holds a 50-day moving average price of $26.16 and a 200-day moving average of $26.61.

About Schwab Fundamental Emerging Markets Large Company Index ETF

The Schwab Fundamental Emerging Markets Large Company Index ETF primarily invests in large-cap equities within emerging markets, following an index based on sales, cash flow, and dividends/buybacks. This investment approach aims to provide investors with broad exposure to fundamentally strong companies in developing economies.

BankofMontreal, FNDE, Investment