Smith Partners Wealth Management LLC lifted its position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE – Free Report) by 42.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 70,792 shares of the company’s stock after purchasing an additional 21,179 shares during the period. Schwab Emerging Markets Equity ETF comprises approximately 1.9% of Smith Partners Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Smith Partners Wealth Management LLC’s holdings in Schwab Emerging Markets Equity ETF were worth $2,580,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Timbuktu Capital Management LLC bought a new position in shares of Schwab Emerging Markets Equity ETF in the second quarter valued at approximately $25,000. Security National Bank of Sioux City Iowa IA purchased a new position in Schwab Emerging Markets Equity ETF during the second quarter valued at approximately $34,000. Davis Capital Management grew its stake in Schwab Emerging Markets Equity ETF by 321.5% during the third quarter. Davis Capital Management now owns 999 shares of the company’s stock valued at $36,000 after acquiring an additional 762 shares in the last quarter. GK Wealth Management LLC bought a new stake in Schwab Emerging Markets Equity ETF during the 3rd quarter worth approximately $40,000. Finally, Tompkins Financial Corp bought a new stake in Schwab Emerging Markets Equity ETF during the 3rd quarter worth approximately $52,000.
Schwab Emerging Markets Equity ETF Trading Up 1.3%
Schwab Emerging Markets Equity ETF stock opened at $35.20 on Thursday. Schwab Emerging Markets Equity ETF has a 1-year low of $31.75 and a 1-year high of $37.64. The firm has a market capitalization of $12.45 billion, a PE ratio of 15.02 and a beta of 0.61. The firm’s 50 day simple moving average is $36.08 and its 200 day simple moving average is $35.59.
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.
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