Schwab Emerging Markets Equity ETF $SCHE Shares Newly Purchased by Towercrest Capital Management

Towercrest Capital Management purchased a new position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) in the third quarter, Holdings Channel reports. The institutional investor purchased 471,126 shares of the company’s stock, valued at approximately $17,173,000. Schwab Emerging Markets Equity ETF comprises 2.4% of Towercrest Capital Management’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHE. Orgel Wealth Management LLC raised its position in shares of Schwab Emerging Markets Equity ETF by 3.4% in the third quarter. Orgel Wealth Management LLC now owns 2,274,253 shares of the company’s stock worth $82,897,000 after buying an additional 75,668 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Schwab Emerging Markets Equity ETF in the 3rd quarter worth approximately $78,226,000. Sanctuary Advisors LLC boosted its position in Schwab Emerging Markets Equity ETF by 1.9% during the first quarter. Sanctuary Advisors LLC now owns 1,909,261 shares of the company’s stock valued at $62,910,000 after buying an additional 36,013 shares during the period. Krilogy Financial LLC increased its stake in Schwab Emerging Markets Equity ETF by 0.9% in the 3rd quarter. Krilogy Financial LLC now owns 1,753,085 shares of the company’s stock worth $64,356,000 after purchasing an additional 15,235 shares during the period. Finally, Charles Schwab Trust Co boosted its position in Schwab Emerging Markets Equity ETF by 1.9% during the 3rd quarter. Charles Schwab Trust Co now owns 1,682,888 shares of the company’s stock valued at $61,341,000 after buying an additional 30,969 shares during the period.

Schwab Emerging Markets Equity ETF Stock Up 0.0%

Shares of SCHE traded up $0.01 during mid-day trading on Friday, hitting $34.96. 4,063,700 shares of the company’s stock traded hands, compared to its average volume of 2,844,372. The business’s 50-day moving average price is $36.71 and its 200-day moving average price is $36.20. 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 $12.33 billion, a P/E ratio of 15.58 and a beta of 0.59.

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.