Sierra Ocean LLC Sells 61,618 Shares of Schwab Emerging Markets Equity ETF $SCHE

Sierra Ocean LLC lowered its stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 219,231 shares of the company’s stock after selling 61,618 shares during the quarter. Schwab Emerging Markets Equity ETF comprises approximately 6.1% of Sierra Ocean LLC’s investment portfolio, making the stock its 7th biggest holding. Sierra Ocean LLC owned 0.06% of Schwab Emerging Markets Equity ETF worth $7,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHE. SageView Advisory Group LLC raised its holdings in shares of Schwab Emerging Markets Equity ETF by 5.0% during the second quarter. SageView Advisory Group LLC now owns 3,764,296 shares of the company’s stock worth $116,129,000 after acquiring an additional 178,191 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Schwab Emerging Markets Equity ETF by 86.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,693,479 shares of the company’s stock worth $111,321,000 after purchasing an additional 1,715,694 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Schwab Emerging Markets Equity ETF by 176.4% in the 2nd quarter. Corient Private Wealth LLC now owns 2,631,208 shares of the company’s stock valued at $79,305,000 after purchasing an additional 1,679,145 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab Emerging Markets Equity ETF in the 3rd quarter valued at about $74,621,000. Finally, Rebalance LLC lifted its holdings in shares of Schwab Emerging Markets Equity ETF by 4.0% in the third quarter. Rebalance LLC now owns 2,075,427 shares of the company’s stock valued at $69,257,000 after purchasing an additional 78,925 shares in the last quarter.

Schwab Emerging Markets Equity ETF Price Performance

SCHE stock opened at $35.20 on Friday. The stock has a market capitalization of $12.32 billion, a P/E ratio of 15.58 and a beta of 0.54. Schwab Emerging Markets Equity ETF has a fifty-two week low of $24.11 and a fifty-two week high of $35.78. The business has a 50-day moving average of $33.78 and a 200-day moving average of $33.11.

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.