Schwab Emerging Markets Equity ETF $SCHE Stake Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 0.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,276,317 shares of the company’s stock after selling 1,287 shares during the period. Envestnet Asset Management Inc.’s holdings in Schwab Emerging Markets Equity ETF were worth $68,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 17.8% during the 1st quarter. HighTower Advisors LLC now owns 9,855,049 shares of the company’s stock valued at $271,704,000 after acquiring an additional 1,487,984 shares in the last quarter. US Bancorp DE grew its holdings in shares of Schwab Emerging Markets Equity ETF by 311.1% during the 1st quarter. US Bancorp DE now owns 3,653,803 shares of the company’s stock valued at $100,735,000 after acquiring an additional 2,765,078 shares in the last quarter. SageView Advisory Group LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 3.1% during the 1st quarter. SageView Advisory Group LLC now owns 3,586,105 shares of the company’s stock valued at $98,869,000 after acquiring an additional 108,331 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Schwab Emerging Markets Equity ETF by 1.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,977,785 shares of the company’s stock valued at $54,528,000 after acquiring an additional 22,228 shares in the last quarter. Finally, Orgel Wealth Management LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 4.3% during the 2nd quarter. Orgel Wealth Management LLC now owns 1,950,673 shares of the company’s stock valued at $58,793,000 after acquiring an additional 80,949 shares in the last quarter.

Schwab Emerging Markets Equity ETF Stock Down 1.0%

Schwab Emerging Markets Equity ETF stock opened at $34.02 on Friday. The company’s fifty day simple moving average is $32.97 and its 200-day simple moving average is $30.73. Schwab Emerging Markets Equity ETF has a 12 month low of $24.11 and a 12 month high of $34.54. The stock has a market cap of $11.60 billion, a P/E ratio of 15.58 and a beta of 0.54.

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.