Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Reaches New 12-Month High – Here’s Why

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $36.66 and last traded at $36.64, with a volume of 100121 shares traded. The stock had previously closed at $36.00.

Schwab Emerging Markets Equity ETF Stock Performance

The stock’s fifty day simple moving average is $34.20 and its two-hundred day simple moving average is $33.97. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 15.58 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Schwab Emerging Markets Equity ETF by 32.7% in the 4th quarter. Brighton Jones LLC now owns 45,387 shares of the company’s stock valued at $1,209,000 after purchasing an additional 11,195 shares in the last quarter. AQR Capital Management LLC raised its holdings in Schwab Emerging Markets Equity ETF by 18.4% in the first quarter. AQR Capital Management LLC now owns 14,060 shares of the company’s stock valued at $388,000 after buying an additional 2,190 shares during the period. Russell Investments Group Ltd. raised its holdings in Schwab Emerging Markets Equity ETF by 183.1% in the second quarter. Russell Investments Group Ltd. now owns 1,778 shares of the company’s stock valued at $54,000 after buying an additional 1,150 shares during the period. Baird Financial Group Inc. lifted its position in Schwab Emerging Markets Equity ETF by 5.7% during the second quarter. Baird Financial Group Inc. now owns 24,826 shares of the company’s stock valued at $748,000 after buying an additional 1,328 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Schwab Emerging Markets Equity ETF during the second quarter valued at approximately $393,000.

Schwab Emerging Markets Equity ETF Company Profile

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.