Summit Wealth & Retirement Planning Inc. Has $16.55 Million Stock Holdings in Schwab Emerging Markets Equity ETF $SCHE

Summit Wealth & Retirement Planning Inc. cut its stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 15.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 495,815 shares of the company’s stock after selling 87,312 shares during the period. Schwab Emerging Markets Equity ETF comprises approximately 4.1% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its 6th largest position. Summit Wealth & Retirement Planning Inc. owned about 0.15% of Schwab Emerging Markets Equity ETF worth $16,545,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC bought a new position in shares of Schwab Emerging Markets Equity ETF during the 3rd quarter valued at about $25,000. Morton Brown Family Wealth LLC lifted its position in Schwab Emerging Markets Equity ETF by 122.2% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 891 shares of the company’s stock worth $30,000 after buying an additional 490 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Schwab Emerging Markets Equity ETF in the third quarter worth approximately $35,000. Pin Oak Investment Advisors Inc. purchased a new stake in Schwab Emerging Markets Equity ETF in the second quarter worth approximately $32,000. Finally, Kiker Wealth Management LLC purchased a new position in shares of Schwab Emerging Markets Equity ETF during the third quarter worth approximately $36,000.

Schwab Emerging Markets Equity ETF Stock Down 2.2%

NYSEARCA SCHE opened at $34.39 on Friday. Schwab Emerging Markets Equity ETF has a 12-month low of $24.11 and a 12-month high of $35.47. The company has a 50-day simple moving average of $33.47 and a two-hundred day simple moving average of $32.83. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 15.58 and a beta of 0.54.

Schwab Emerging Markets Equity ETF 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.