Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Sees Large Volume Increase – Here’s Why

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) shares saw unusually-strong trading volume on Wednesday . Approximately 1,767,560 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 1,406,181 shares.The stock last traded at $34.2170 and had previously closed at $33.87.

Schwab Emerging Markets Equity ETF Price Performance

The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 15.58 and a beta of 0.54. The stock has a 50-day moving average price of $33.26 and a 200 day moving average price of $32.61.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

A number of institutional investors have recently modified their holdings of the business. US Bancorp DE raised its stake in shares of Schwab Emerging Markets Equity ETF by 89.0% during the 3rd quarter. US Bancorp DE now owns 6,510,778 shares of the company’s stock worth $217,265,000 after buying an additional 3,065,021 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in Schwab Emerging Markets Equity ETF during the third quarter worth $74,621,000. Northwestern Mutual Wealth Management Co. raised its position in Schwab Emerging Markets Equity ETF by 86.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,693,479 shares of the company’s stock worth $111,321,000 after acquiring an additional 1,715,694 shares in the last quarter. Corient Private Wealth LLC raised its position in Schwab Emerging Markets Equity ETF by 176.4% in the second quarter. Corient Private Wealth LLC now owns 2,631,208 shares of the company’s stock worth $79,305,000 after acquiring an additional 1,679,145 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in Schwab Emerging Markets Equity ETF in the third quarter valued at $15,165,000.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.