Sterling Investment Management LLC Acquires New Shares in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Sterling Investment Management LLC acquired a new stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 18,719 shares of the company’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Towercrest Capital Management increased its holdings in shares of Schwab Emerging Markets Equity ETF by 0.6% in the third quarter. Towercrest Capital Management now owns 486,786 shares of the company’s stock worth $11,654,000 after acquiring an additional 2,784 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Schwab Emerging Markets Equity ETF by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,246,704 shares of the company’s stock worth $269,246,000 after buying an additional 1,017,299 shares in the last quarter. Rainsberger Wealth Advisors Inc. grew its holdings in shares of Schwab Emerging Markets Equity ETF by 2.6% during the third quarter. Rainsberger Wealth Advisors Inc. now owns 293,900 shares of the company’s stock worth $7,036,000 after buying an additional 7,346 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Schwab Emerging Markets Equity ETF by 6.5% during the third quarter. SeaCrest Wealth Management LLC now owns 43,632 shares of the company’s stock worth $1,045,000 after buying an additional 2,660 shares in the last quarter. Finally, Curbstone Financial Management Corp grew its holdings in shares of Schwab Emerging Markets Equity ETF by 0.8% during the third quarter. Curbstone Financial Management Corp now owns 92,350 shares of the company’s stock worth $2,211,000 after buying an additional 750 shares in the last quarter.

Schwab Emerging Markets Equity ETF Stock Performance

NYSEARCA:SCHE opened at $25.13 on Thursday. The company has a market cap of $8.71 billion, a PE ratio of 11.24 and a beta of 0.68. Schwab Emerging Markets Equity ETF has a 52-week low of $22.88 and a 52-week high of $26.15. The stock has a 50-day simple moving average of $24.65 and a 200 day simple moving average of $24.30.

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.