Sierra Ocean LLC Makes New Investment in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Sierra Ocean LLC bought a new position in shares of Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) during the fourth quarter, Holdings Channel.com reports. The firm bought 256,685 shares of the company’s stock, valued at approximately $6,836,000. Schwab Emerging Markets Equity ETF comprises 5.6% of Sierra Ocean LLC’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHE. US Bancorp DE grew its stake in shares of Schwab Emerging Markets Equity ETF by 12,168.2% in the 3rd quarter. US Bancorp DE now owns 3,812,699 shares of the company’s stock worth $111,255,000 after buying an additional 3,781,621 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Schwab Emerging Markets Equity ETF by 7,554.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 762,735 shares of the company’s stock worth $22,255,000 after buying an additional 752,771 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Schwab Emerging Markets Equity ETF by 7.5% in the 3rd quarter. HighTower Advisors LLC now owns 7,807,789 shares of the company’s stock worth $227,785,000 after buying an additional 544,339 shares during the last quarter. Pure Portfolios Holdings LLC purchased a new stake in shares of Schwab Emerging Markets Equity ETF in the 3rd quarter worth approximately $13,779,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Schwab Emerging Markets Equity ETF by 321.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,876 shares of the company’s stock worth $15,374,000 after buying an additional 401,943 shares during the last quarter.

Schwab Emerging Markets Equity ETF Stock Up 0.8 %

Schwab Emerging Markets Equity ETF stock opened at $27.90 on Monday. The company has a market capitalization of $9.39 billion, a P/E ratio of 12.56 and a beta of 0.83. The stock’s 50 day moving average is $27.01 and its 200 day moving average is $27.57. Schwab Emerging Markets Equity ETF has a twelve month low of $24.52 and a twelve month high of $30.25.

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.