Clark Capital Management Group Inc. Buys 18,533 Shares of Schwab Fundamental Emerging Markets Equity ETF $FNDE

Clark Capital Management Group Inc. increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) by 29.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,501 shares of the company’s stock after buying an additional 18,533 shares during the period. Clark Capital Management Group Inc.’s holdings in Schwab Fundamental Emerging Markets Equity ETF were worth $2,947,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 6.4% during the 3rd quarter. Bank of America Corp DE now owns 2,358,679 shares of the company’s stock valued at $85,290,000 after acquiring an additional 141,075 shares during the period. Creative Planning increased its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 9.2% during the 3rd quarter. Creative Planning now owns 168,052 shares of the company’s stock worth $6,077,000 after purchasing an additional 14,162 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 592,523 shares of the company’s stock worth $21,426,000 after purchasing an additional 22,905 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at approximately $124,000. Finally, Vise Technologies Inc. purchased a new position in Schwab Fundamental Emerging Markets Equity ETF in the third quarter valued at approximately $287,000.

Schwab Fundamental Emerging Markets Equity ETF Trading Up 2.0%

Shares of NYSEARCA FNDE opened at $38.35 on Tuesday. The stock has a fifty day simple moving average of $38.85 and a two-hundred day simple moving average of $37.16. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $26.43 and a 1-year high of $40.92. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 10.04 and a beta of 0.62.

About Schwab Fundamental Emerging Markets Equity ETF

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. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.