Grimes & Company Inc. Increases Stake in Schwab Emerging Markets Equity ETF

Grimes & Company Inc. has increased its investment in the Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) by 7.6% during the third quarter of 2024, according to reports from Holdings Channel. The firm now holds a total of 79,673 shares of the ETF after acquiring an additional 5,651 shares during this period. As of the latest SEC filing, Grimes & Company Inc.’s investment in the Schwab Emerging Markets Equity ETF is valued at approximately $2,325,000.

Several other investment firms have also made adjustments to their holdings in the Schwab Emerging Markets Equity ETF. For instance, GPS Wealth Strategies Group LLC has increased its position by an impressive 359.1% in the second quarter, bringing its total ownership to 1,414 shares valued at $38,000 after adding 1,106 shares in the last quarter. Similarly, Abich Financial Wealth Management LLC has significantly increased its stake by 4,912.9% in the first quarter, now owning 1,554 shares valued at $39,000 after purchasing an additional 1,523 shares.

Additionally, Headlands Technologies LLC bought a new stake during the second quarter worth $41,000. Hollencrest Capital Management has also raised its investment in the ETF by 314.9% in the second quarter, owning 2,261 shares valued at $60,000 after acquiring an extra 1,716 shares. Lastly, Tradewinds Capital Management LLC increased its holdings by 214.3% in the first quarter, now owning 3,134 shares valued at $79,000 after purchasing 2,137 additional shares during that period.

Stock Performance of Schwab Emerging Markets Equity ETF

As of the latest trading session, shares of the Schwab Emerging Markets Equity ETF (NYSEARCA: SCHE) opened at $28.68. The ETF currently has a market capitalization of $9.65 billion. It has a price-to-earnings (PE) ratio of 12.56 and a beta of 0.83. Over the past 52 weeks, the ETF has seen a low of $22.95 and a high of $30.25, with a 50-day simple moving average of $28.09 and a 200-day simple moving average of $26.96.

About Schwab Emerging Markets Equity ETF

The Schwab Emerging Markets Equity ETF aims to track the total return of the FTSE All-Emerging Index, which comprises large and mid-cap companies from emerging market countries. The index includes approximately the top 90% of the eligible universe of large and mid-cap stocks.

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