Schwab Emerging Markets Equity ETF $SCHE Stake Lessened by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC cut its stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,814 shares of the company’s stock after selling 1,387 shares during the period. Schwab Emerging Markets Equity ETF accounts for about 1.6% of Ackerman Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Ackerman Capital Advisors LLC owned approximately 0.07% of Schwab Emerging Markets Equity ETF worth $6,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC purchased a new position in shares of Schwab Emerging Markets Equity ETF in the 1st quarter worth about $300,000. Bessemer Group Inc. bought a new stake in Schwab Emerging Markets Equity ETF during the first quarter valued at about $127,000. Ritholtz Wealth Management raised its position in Schwab Emerging Markets Equity ETF by 45.8% during the first quarter. Ritholtz Wealth Management now owns 13,499 shares of the company’s stock valued at $372,000 after acquiring an additional 4,238 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Schwab Emerging Markets Equity ETF by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 9,642 shares of the company’s stock worth $266,000 after acquiring an additional 602 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Schwab Emerging Markets Equity ETF by 0.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 249,251 shares of the company’s stock valued at $6,899,000 after buying an additional 2,140 shares during the period.

Schwab Emerging Markets Equity ETF Trading Down 3.6%

Shares of SCHE stock opened at $32.35 on Friday. The stock has a 50 day simple moving average of $32.25 and a 200-day simple moving average of $30.01. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 15.58 and a beta of 0.68. Schwab Emerging Markets Equity ETF has a 12-month low of $24.11 and a 12-month high of $34.00.

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.