Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Sets New 52-Week High at $27.24

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.24 and last traded at $27.24, with a volume of 420938 shares trading hands. The stock had previously closed at $27.11.

Schwab Emerging Markets Equity ETF Price Performance

The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 12.56 and a beta of 0.83. The stock has a 50-day moving average price of $26.61 and a 200-day moving average price of $25.40.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Advisory Inc. increased its holdings in shares of Schwab Emerging Markets Equity ETF by 1.6% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 85,303,270 shares of the company’s stock worth $2,153,908,000 after buying an additional 1,381,789 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Schwab Emerging Markets Equity ETF by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,997,215 shares of the company’s stock worth $297,411,000 after buying an additional 750,511 shares during the period. Cerity Partners LLC increased its stake in Schwab Emerging Markets Equity ETF by 2,551.5% in the fourth quarter. Cerity Partners LLC now owns 9,739,834 shares of the company’s stock valued at $241,450,000 after purchasing an additional 9,372,497 shares in the last quarter. Jane Street Group LLC raised its stake in Schwab Emerging Markets Equity ETF by 5,410.5% during the 1st quarter. Jane Street Group LLC now owns 2,769,692 shares of the company’s stock worth $69,935,000 after buying an additional 2,719,430 shares during the period. Finally, Heartwood Wealth Advisors LLC grew its position in Schwab Emerging Markets Equity ETF by 1.0% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 1,795,996 shares of the company’s stock valued at $44,523,000 after purchasing an additional 16,971 shares during the period.

About Schwab Emerging Markets Equity ETF

Schwab Emerging Markets Equity ETF (the Fund) seeks to track the total return of the FTSE All-Emerging Index (the Index). The Fund’s index consists of large and mid capitalization companies in emerging market countries. The Index defines the large and mid capitalization universe as approximately the top 90% of the eligible universe.