Envestnet Asset Management Inc. Lowers Stock Holdings in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Envestnet Asset Management Inc. lowered its position in shares of Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,277,604 shares of the company’s stock after selling 54,737 shares during the period. Envestnet Asset Management Inc. owned about 0.67% of Schwab Emerging Markets Equity ETF worth $62,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fund Evaluation Group LLC raised its position in Schwab Emerging Markets Equity ETF by 86.3% in the 1st quarter. Fund Evaluation Group LLC now owns 931,410 shares of the company’s stock worth $25,679,000 after purchasing an additional 431,461 shares during the period. Ifrah Financial Services Inc. grew its stake in shares of Schwab Emerging Markets Equity ETF by 2.5% during the first quarter. Ifrah Financial Services Inc. now owns 91,125 shares of the company’s stock valued at $2,512,000 after buying an additional 2,182 shares during the last quarter. Pure Portfolios Holdings LLC increased its holdings in shares of Schwab Emerging Markets Equity ETF by 1.3% in the first quarter. Pure Portfolios Holdings LLC now owns 488,784 shares of the company’s stock worth $13,476,000 after buying an additional 6,503 shares during the period. Capital & Planning LLC bought a new stake in shares of Schwab Emerging Markets Equity ETF in the 1st quarter valued at about $512,000. Finally, Sierra Ocean LLC lifted its stake in shares of Schwab Emerging Markets Equity ETF by 6.3% in the 1st quarter. Sierra Ocean LLC now owns 272,821 shares of the company’s stock valued at $7,522,000 after acquiring an additional 16,136 shares during the last quarter.

Schwab Emerging Markets Equity ETF Price Performance

SCHE opened at $30.19 on Friday. The stock’s 50 day simple moving average is $29.42 and its 200 day simple moving average is $27.91. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 14.97 and a beta of 0.68. Schwab Emerging Markets Equity ETF has a 1 year low of $24.11 and a 1 year high of $30.48.

Schwab Emerging Markets Equity ETF 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.