Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Reaches New 52-Week High – Time to Buy?

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) shares reached a new 52-week high during trading on Thursday . The company traded as high as $34.56 and last traded at $34.5750, with a volume of 544534 shares traded. The stock had previously closed at $34.22.

Schwab Emerging Markets Equity ETF Trading Up 0.5%

The company’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $32.67. The company has a market cap of $12.12 billion, a P/E ratio of 15.58 and a beta of 0.54.

Institutional Trading of Schwab Emerging Markets Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its position in Schwab Emerging Markets Equity ETF by 89.0% during the third quarter. US Bancorp DE now owns 6,510,778 shares of the company’s stock valued at $217,265,000 after acquiring an additional 3,065,021 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Schwab Emerging Markets Equity ETF in the third quarter worth approximately $74,621,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Schwab Emerging Markets Equity ETF by 86.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,693,479 shares of the company’s stock valued at $111,321,000 after purchasing an additional 1,715,694 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Schwab Emerging Markets Equity ETF by 176.4% during the second quarter. Corient Private Wealth LLC now owns 2,631,208 shares of the company’s stock valued at $79,305,000 after buying an additional 1,679,145 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Schwab Emerging Markets Equity ETF during the third quarter worth $15,165,000.

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.