Steele Capital Management Inc. Makes New $8.98 Million Investment in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Steele Capital Management Inc. bought a new position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 362,277 shares of the company’s stock, valued at approximately $8,981,000. Steele Capital Management Inc. owned approximately 0.10% of Schwab Emerging Markets Equity ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Schwab Emerging Markets Equity ETF by 522.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,077 shares of the company’s stock valued at $26,000 after buying an additional 904 shares during the period. Sound Income Strategies LLC bought a new position in Schwab Emerging Markets Equity ETF during the fourth quarter valued at about $46,000. BKM Wealth Management LLC bought a new position in Schwab Emerging Markets Equity ETF during the fourth quarter valued at about $46,000. Friedenthal Financial bought a new position in Schwab Emerging Markets Equity ETF during the fourth quarter valued at about $54,000. Finally, Life Planning Partners Inc bought a new position in Schwab Emerging Markets Equity ETF during the fourth quarter valued at about $61,000.

Schwab Emerging Markets Equity ETF Stock Performance

NYSEARCA SCHE traded up $0.25 during trading on Monday, hitting $25.83. 834,508 shares of the company’s stock traded hands, compared to its average volume of 1,246,394. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 11.89 and a beta of 0.81. Schwab Emerging Markets Equity ETF has a 12-month low of $22.88 and a 12-month high of $26.15. The business has a 50 day moving average of $25.13 and a 200-day moving average of $24.48.

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.