Corient Private Wealth LLC has significantly reduced its investment in the Schwab Emerging Markets Equity ETF (NYSEARCA: SCHE), cutting its stake by a striking 87.8% during the second quarter of the year. According to a recent filing with the Securities and Exchange Commission, the firm now holds 116,562 shares after offloading 835,501 shares during this period. As of the latest report, Corient’s holdings in the ETF are valued at approximately $3.51 million.
Other investment firms have also made adjustments to their positions in the Schwab Emerging Markets Equity ETF. For instance, Pin Oak Investment Advisors Inc. acquired a new stake valued at around $32,000 in the second quarter. Similarly, Hoey Investments Inc. purchased shares worth approximately $33,000, while Keener Financial Planning LLC increased its stake by a remarkable 5,945.5%, now owning 1,330 shares valued at $40,000 after buying an additional 1,308 shares.
Additionally, Headlands Technologies LLC entered the market with a new position worth $43,000, and Game Plan Financial Advisors LLC raised its stake by 106.9% earlier in the year, now holding 1,655 shares valued at $46,000.
Current Performance of Schwab Emerging Markets Equity ETF
The Schwab Emerging Markets Equity ETF experienced a slight increase of 0.9%, opening at $32.41 on Monday. The fund, which boasts a market capitalization of $11.05 billion, has a price-to-earnings ratio of 15.58 and a beta of 0.54. Its fifty-day simple moving average stands at $33.40, while the 200-day simple moving average is $32.04. Over the past year, the ETF has fluctuated between a low of $24.11 and a high of $34.54.
About the Schwab Emerging Markets Equity ETF
The Schwab Emerging Markets Equity ETF aims to track the total returns of the FTSE All-Emerging Index, which includes large and mid-cap companies in emerging market countries. The index encompasses approximately the top 90% of eligible large and mid-cap stocks. The fund utilizes various derivatives, including options, futures, and swaps, and may lend its portfolio securities to brokers and financial institutions to enhance returns.
As investment strategies adapt in response to market dynamics, the changes in holdings by Corient Private Wealth and other firms highlight the evolving landscape of investment in emerging markets.
