Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Reaches New 52-Week High at $27.79

Shares of Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) hit a new 52-week high on Monday . The stock traded as high as $27.79 and last traded at $27.78, with a volume of 24068 shares. The stock had previously closed at $27.63.

Schwab Emerging Markets Equity ETF Stock Performance

The business has a fifty day simple moving average of $26.83 and a 200 day simple moving average of $26.32. The company has a market cap of $9.39 billion, a P/E ratio of 12.56 and a beta of 0.83.

Hedge Funds Weigh In On Schwab Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG increased its stake in Schwab Emerging Markets Equity ETF by 15.2% during the fourth quarter. UBS Group AG now owns 789,051 shares of the company’s stock valued at $19,561,000 after acquiring an additional 104,202 shares during the period. Wells Fargo & Company MN boosted its position in shares of Schwab Emerging Markets Equity ETF by 8.9% in the 4th quarter. Wells Fargo & Company MN now owns 791,824 shares of the company’s stock worth $19,629,000 after purchasing an additional 64,914 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Schwab Emerging Markets Equity ETF by 2.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 223,634 shares of the company’s stock worth $5,544,000 after buying an additional 4,278 shares during the period. US Bancorp DE grew its holdings in Schwab Emerging Markets Equity ETF by 6.9% during the fourth quarter. US Bancorp DE now owns 38,371 shares of the company’s stock valued at $951,000 after purchasing an additional 2,487 shares during the period. Finally, Commerce Bank bought a new stake in shares of Schwab Emerging Markets Equity ETF in the 4th quarter valued at $314,000.

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.