Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Reaches New 1-Year High – Here’s What Happened

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)’s share price reached a new 52-week high on Friday . The stock traded as high as $37.56 and last traded at $37.5450, with a volume of 205150 shares trading hands. The stock had previously closed at $37.30.

Schwab Emerging Markets Equity ETF Stock Performance

The stock has a 50 day moving average price of $36.34 and a two-hundred day moving average price of $35.49. The company has a market capitalization of $13.12 billion, a PE ratio of 15.58 and a beta of 0.59.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of SCHE. Brighton Jones LLC raised its position in shares of Schwab Emerging Markets Equity ETF by 32.7% in the fourth quarter. Brighton Jones LLC now owns 45,387 shares of the company’s stock valued at $1,209,000 after purchasing an additional 11,195 shares during the period. AQR Capital Management LLC boosted its stake in Schwab Emerging Markets Equity ETF by 18.4% during the 1st quarter. AQR Capital Management LLC now owns 14,060 shares of the company’s stock valued at $388,000 after purchasing an additional 2,190 shares during the period. Russell Investments Group Ltd. boosted its stake in Schwab Emerging Markets Equity ETF by 183.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,778 shares of the company’s stock valued at $54,000 after purchasing an additional 1,150 shares during the period. Baird Financial Group Inc. grew its holdings in Schwab Emerging Markets Equity ETF by 5.7% in the 2nd quarter. Baird Financial Group Inc. now owns 24,826 shares of the company’s stock valued at $748,000 after buying an additional 1,328 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Schwab Emerging Markets Equity ETF in the 2nd quarter valued at approximately $393,000.

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.