Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Hits New 52-Week Low – What’s Next?

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $24.42 and last traded at $24.48, with a volume of 287383 shares changing hands. The stock had previously closed at $25.68.

Schwab Emerging Markets Equity ETF Price Performance

The firm’s 50-day moving average price is $27.61 and its 200-day moving average price is $27.81. The stock has a market cap of $8.40 billion, a P/E ratio of 15.04 and a beta of 0.65.

Institutional Investors Weigh In On Schwab Emerging Markets Equity ETF

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in Schwab Emerging Markets Equity ETF by 7.2% during the fourth quarter. HighTower Advisors LLC now owns 8,367,065 shares of the company’s stock valued at $222,815,000 after purchasing an additional 559,276 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Schwab Emerging Markets Equity ETF by 22.3% during the 4th quarter. SageView Advisory Group LLC now owns 3,477,774 shares of the company’s stock valued at $92,613,000 after buying an additional 634,282 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Schwab Emerging Markets Equity ETF by 2.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,375,552 shares of the company’s stock valued at $69,319,000 after buying an additional 60,980 shares in the last quarter. Rebalance LLC lifted its holdings in shares of Schwab Emerging Markets Equity ETF by 2.8% in the 4th quarter. Rebalance LLC now owns 2,113,897 shares of the company’s stock valued at $56,293,000 after acquiring an additional 58,482 shares during the last quarter. Finally, Orgel Wealth Management LLC grew its position in Schwab Emerging Markets Equity ETF by 4.9% in the fourth quarter. Orgel Wealth Management LLC now owns 1,789,869 shares of the company’s stock worth $47,664,000 after acquiring an additional 83,348 shares in the last quarter.

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.