Rakuten Investment Management Inc. Takes Position in Schwab Emerging Markets Equity ETF $SCHE

Rakuten Investment Management Inc. bought a new position in shares of Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,245,603 shares of the company’s stock, valued at approximately $74,621,000. Schwab Emerging Markets Equity ETF makes up approximately 0.2% of Rakuten Investment Management Inc.’s portfolio, making the stock its 29th largest position. Rakuten Investment Management Inc. owned about 0.66% of Schwab Emerging Markets Equity ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PFS Partners LLC purchased a new stake in Schwab Emerging Markets Equity ETF during the third quarter worth about $25,000. Morton Brown Family Wealth LLC increased its stake in Schwab Emerging Markets Equity ETF by 122.2% during 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 period. Pin Oak Investment Advisors Inc. acquired a new stake in Schwab Emerging Markets Equity ETF during the 2nd quarter worth approximately $32,000. Hoey Investments Inc. purchased a new position in Schwab Emerging Markets Equity ETF in the 2nd quarter valued at approximately $33,000. Finally, Manning & Napier Advisors LLC purchased a new position in Schwab Emerging Markets Equity ETF in the 3rd quarter valued at approximately $35,000.

Schwab Emerging Markets Equity ETF Stock Down 0.8%

NYSEARCA:SCHE opened at $33.87 on Wednesday. Schwab Emerging Markets Equity ETF has a 52 week low of $24.11 and a 52 week high of $34.54. The company has a fifty day simple moving average of $33.26 and a two-hundred day simple moving average of $32.61. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 15.58 and a beta of 0.54.

Schwab Emerging Markets Equity ETF Company 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.