Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Hits New 12-Month High – Still a Buy?

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $35.47 and last traded at $35.4050, with a volume of 1974702 shares changing hands. The stock had previously closed at $35.22.

Schwab Emerging Markets Equity ETF Price Performance

The firm has a market capitalization of $12.38 billion, a PE ratio of 15.58 and a beta of 0.54. The company has a fifty day moving average of $33.63 and a 200-day moving average of $33.02.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PFS Partners LLC acquired a new position in shares of Schwab Emerging Markets Equity ETF during the 3rd quarter worth $25,000. Lodestone Wealth Management LLC acquired a new stake in shares of Schwab Emerging Markets Equity ETF in the 4th quarter valued at $28,000. Financial Consulate Inc. boosted its holdings in Schwab Emerging Markets Equity ETF by 222.7% in the fourth quarter. Financial Consulate Inc. now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 599 shares in the last quarter. Morton Brown Family Wealth LLC increased its position in Schwab Emerging Markets Equity ETF by 122.2% during the third 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 last quarter. Finally, Oak Harbor Wealth Partners LLC raised its holdings in Schwab Emerging Markets Equity ETF by 2,042.2% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 964 shares of the company’s stock valued at $32,000 after buying an additional 919 shares in the last quarter.

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.