Bangor Savings Bank bought a new stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 175,406 shares of the company’s stock, valued at approximately $6,394,000. Schwab Emerging Markets Equity ETF makes up approximately 0.5% of Bangor Savings Bank’s holdings, making the stock its 25th biggest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of SCHE. Kearns & Associates LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 1.2% in the 1st quarter. Kearns & Associates LLC now owns 26,148 shares of the company’s stock worth $862,000 after acquiring an additional 300 shares during the period. ACT Wealth Management LLC boosted its position in Schwab Emerging Markets Equity ETF by 1.9% during the second quarter. ACT Wealth Management LLC now owns 16,953 shares of the company’s stock worth $615,000 after purchasing an additional 308 shares in the last quarter. Downshift Financial LLC grew its holdings in Schwab Emerging Markets Equity ETF by 4.1% in the first quarter. Downshift Financial LLC now owns 8,682 shares of the company’s stock valued at $306,000 after purchasing an additional 340 shares during the last quarter. Cooke Wealth Management LLC grew its holdings in Schwab Emerging Markets Equity ETF by 2.7% in the second quarter. Cooke Wealth Management LLC now owns 12,828 shares of the company’s stock valued at $465,000 after purchasing an additional 340 shares during the last quarter. Finally, Tenret Co LLC increased its position in shares of Schwab Emerging Markets Equity ETF by 0.7% in the first quarter. Tenret Co LLC now owns 51,789 shares of the company’s stock valued at $1,706,000 after buying an additional 344 shares in the last quarter.
Schwab Emerging Markets Equity ETF Trading Down 0.1%
Shares of NYSEARCA:SCHE traded down $0.02 during midday trading on Tuesday, hitting $37.25. 2,134,707 shares of the stock were exchanged, compared to its average volume of 2,822,377. The stock has a market cap of $13.06 billion, a P/E ratio of 15.58 and a beta of 0.59. Schwab Emerging Markets Equity ETF has a twelve month low of $31.75 and a twelve month high of $37.64. The company has a 50 day moving average price of $36.78 and a 200-day moving average price of $35.88.
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.
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