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

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $35.81 and last traded at $35.7750, with a volume of 612564 shares trading hands. The stock had previously closed at $35.35.

Schwab Emerging Markets Equity ETF Price Performance

The stock’s 50 day moving average is $34.07 and its two-hundred day moving average is $33.34. The firm has a market capitalization of $12.51 billion, a P/E ratio of 15.58 and a beta of 0.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SCHE. US Bancorp DE boosted its position in shares of Schwab Emerging Markets Equity ETF by 89.0% during the third quarter. US Bancorp DE now owns 6,510,778 shares of the company’s stock worth $217,265,000 after purchasing an additional 3,065,021 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Schwab Emerging Markets Equity ETF during the 3rd quarter worth $74,621,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab Emerging Markets Equity ETF by 86.7% during 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 grew its stake 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 valued at $79,305,000 after acquiring an additional 1,679,145 shares during the period. Finally, 93 Financial Group LLC acquired a new position in Schwab Emerging Markets Equity ETF in the fourth quarter valued at about $21,134,000.

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.