Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Hits New 1-Year High – What’s Next?

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.33 and last traded at $37.28, with a volume of 64419 shares. The stock had previously closed at $36.88.

Schwab Emerging Markets Equity ETF Stock Down 3.1%

The stock’s fifty day moving average price is $36.01 and its 200 day moving average price is $34.56. The stock has a market cap of $12.60 billion, a PE ratio of 15.58 and a beta of 0.58.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC lifted its stake in shares of Schwab Emerging Markets Equity ETF by 1.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 17,211 shares of the company’s stock worth $564,000 after purchasing an additional 290 shares in the last quarter. Kearns & Associates LLC grew its stake in shares of Schwab Emerging Markets Equity ETF by 1.2% in the first quarter. Kearns & Associates LLC now owns 26,148 shares of the company’s stock valued at $862,000 after buying an additional 300 shares in the last quarter. Sigma Investment Counselors Inc. raised its holdings in shares of Schwab Emerging Markets Equity ETF by 3.1% during the 4th quarter. Sigma Investment Counselors Inc. now owns 10,668 shares of the company’s stock valued at $349,000 after buying an additional 324 shares during the period. Brandywine Oak Private Wealth LLC raised its holdings in shares of Schwab Emerging Markets Equity ETF by 0.3% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 110,895 shares of the company’s stock valued at $3,632,000 after buying an additional 338 shares during the period. Finally, Private Capital Management LLC lifted its position in Schwab Emerging Markets Equity ETF by 3.9% during the 4th quarter. Private Capital Management LLC now owns 9,045 shares of the company’s stock worth $296,000 after acquiring an additional 338 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. 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.