Corient Private Wealth LLC significantly decreased its investment in the Schwab Emerging Markets Equity ETF (NYSEARCA: SCHE) by 87.8% during the second quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission, Corient now holds 116,562 shares after selling 835,501 shares during this period. As of the most recent filing, the total value of Corient’s holdings in the ETF stands at approximately $3.51 million.
Other investment firms have also adjusted their positions in the Schwab Emerging Markets Equity ETF recently. Pin Oak Investment Advisors Inc. established a new stake valued at about $32,000. Similarly, Hoey Investments Inc. acquired shares worth approximately $33,000. Notably, Keener Financial Planning LLC increased its stake in the fund by a remarkable 5,945.5%, now owning 1,330 shares valued at $40,000 after purchasing an additional 1,308 shares last quarter. Headlands Technologies LLC made a new investment in the ETF worth $43,000, while Game Plan Financial Advisors LLC raised its stake by 106.9%, now holding 1,655 shares valued at $46,000.
Current Performance of Schwab Emerging Markets Equity ETF
As of Monday, shares of the Schwab Emerging Markets Equity ETF opened at $32.41. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.58, and a beta of 0.54. The ETF’s fifty-day simple moving average is $33.40, while its 200-day simple moving average is $32.04. The fund has experienced a 12-month low of $24.11 and a high of $34.54.
About Schwab Emerging Markets Equity ETF
The Schwab Emerging Markets Equity ETF aims to track the total return of the FTSE All-Emerging Index, which includes large and mid-cap companies from emerging market countries. The index encompasses approximately the top 90% of the eligible universe for large and mid-cap stocks. The fund utilizes various derivatives, including options, futures, and swaps, and may lend its portfolio securities to brokers, dealers, and other financial institutions.
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