Towercrest Capital Management Trims Holdings in Schwab Emerging Markets Equity ETF $SCHE

Towercrest Capital Management trimmed its position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,441 shares of the company’s stock after selling 26,100 shares during the period. Schwab Emerging Markets Equity ETF comprises about 2.5% of Towercrest Capital Management’s investment portfolio, making the stock its 13th largest position. Towercrest Capital Management owned about 0.14% of Schwab Emerging Markets Equity ETF worth $15,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFS Partners LLC purchased a new position in Schwab Emerging Markets Equity ETF in the 3rd quarter valued at about $25,000. Lodestone Wealth Management LLC purchased a new position in Schwab Emerging Markets Equity ETF in the 4th quarter valued at about $28,000. Morton Brown Family Wealth LLC lifted its holdings in Schwab Emerging Markets Equity ETF by 122.2% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 891 shares of the company’s stock valued at $30,000 after purchasing an additional 490 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Schwab Emerging Markets Equity ETF in the 3rd quarter valued at about $35,000. Finally, Kiker Wealth Management LLC purchased a new position in Schwab Emerging Markets Equity ETF in the 3rd quarter valued at about $36,000.

Schwab Emerging Markets Equity ETF Trading Up 0.2%

NYSEARCA:SCHE opened at $32.99 on Wednesday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 15.58 and a beta of 0.55. The company’s 50-day moving average is $34.04 and its two-hundred day moving average is $33.67. Schwab Emerging Markets Equity ETF has a 12-month low of $24.11 and a 12-month high of $36.00.

About Schwab Emerging Markets Equity ETF

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.