Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Sets New 1-Year High – Still a Buy?

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $35.17 and last traded at $35.15, with a volume of 1243974 shares changing hands. The stock had previously closed at $34.69.

Schwab Emerging Markets Equity ETF Stock Up 1.3%

The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 15.58 and a beta of 0.54. The business’s fifty day moving average is $33.35 and its 200 day moving average is $32.77.

Institutional Trading of Schwab Emerging Markets Equity ETF

A number of institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 3.0% during the third quarter. HighTower Advisors LLC now owns 10,445,370 shares of the company’s stock worth $348,562,000 after buying an additional 303,891 shares in the last quarter. US Bancorp DE boosted its position in 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 acquiring an additional 3,065,021 shares during the last quarter. SageView Advisory Group LLC grew its stake in shares of Schwab Emerging Markets Equity ETF by 5.0% during the 2nd quarter. SageView Advisory Group LLC now owns 3,764,296 shares of the company’s stock worth $116,129,000 after acquiring an additional 178,191 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Schwab Emerging Markets Equity ETF by 86.7% during the 2nd 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. Finally, Corient Private Wealth LLC raised its holdings in shares of 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 valued at $79,305,000 after purchasing an additional 1,679,145 shares during the last quarter.

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.