Tortoise Investment Management LLC Cuts Stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Tortoise Investment Management LLC reduced its position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,103 shares of the company’s stock after selling 1,678 shares during the quarter. Tortoise Investment Management LLC’s holdings in Schwab Emerging Markets Equity ETF were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rebalance LLC grew its holdings in Schwab Emerging Markets Equity ETF by 2.8% in the fourth quarter. Rebalance LLC now owns 2,113,897 shares of the company’s stock worth $56,293,000 after purchasing an additional 58,482 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Schwab Emerging Markets Equity ETF by 1.3% in the fourth quarter. Bell Investment Advisors Inc now owns 49,723 shares of the company’s stock worth $1,324,000 after purchasing an additional 621 shares during the last quarter. Frontier Asset Management LLC grew its holdings in Schwab Emerging Markets Equity ETF by 4.9% in the fourth quarter. Frontier Asset Management LLC now owns 30,980 shares of the company’s stock worth $825,000 after purchasing an additional 1,452 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in Schwab Emerging Markets Equity ETF in the fourth quarter worth $1,356,000. Finally, Larson Financial Group LLC grew its holdings in Schwab Emerging Markets Equity ETF by 81.5% in the fourth quarter. Larson Financial Group LLC now owns 9,039 shares of the company’s stock worth $241,000 after purchasing an additional 4,058 shares during the last quarter.

Schwab Emerging Markets Equity ETF Price Performance

Shares of SCHE opened at $27.97 on Monday. The firm has a market capitalization of $9.53 billion, a PE ratio of 14.57 and a beta of 0.64. Schwab Emerging Markets Equity ETF has a 1-year low of $24.60 and a 1-year high of $30.25. The company’s fifty day moving average price is $27.12 and its 200-day moving average price is $27.69.

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.