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 the year. According to reports from Holdings Channel.com, the fund now owns a total of 79,673 shares after acquiring an additional 5,651 shares in this period. As of its latest filing with the SEC, Grimes & Company Inc. holds shares of Schwab Emerging Markets Equity ETF valued at approximately $2,325,000.

In addition to Grimes & Company Inc., several other hedge funds have made notable changes to their positions in the Schwab Emerging Markets Equity ETF. For instance, GPS Wealth Strategies Group LLC has increased its holdings by an impressive 359.1% in the second quarter, resulting in ownership of 1,414 shares valued at $38,000 after acquiring an extra 1,106 shares. Similarly, Abich Financial Wealth Management LLC has raised its stake by 4,912.9% in the first quarter, now holding 1,554 shares valued at $39,000 after purchasing 1,523 additional shares during the same time.

Other firms, such as Headlands Technologies LLC, have also entered the ETF market, purchasing stakes valued at around $41,000 during the second quarter. Hollencrest Capital Management has significantly increased their holdings by 314.9%, now owning 2,261 shares worth $60,000 after buying an extra 1,716 shares in the quarter. Additionally, Tradewinds Capital Management LLC has expanded its investments by 214.3%, owning 3,134 shares valued at $79,000 after acquiring 2,137 more shares in the last quarter.

Current Stock Performance of Schwab Emerging Markets Equity ETF

On Friday, the Schwab Emerging Markets Equity ETF opened at $28.68. The ETF currently has a market capitalization of $9.65 billion, a price-to-earnings ratio of 12.56, and a beta value of 0.83. Throughout the past year, the stock has experienced a low of $22.95 and a high of $30.25. The ETF's 50-day simple moving average stands at $28.09, while the 200-day simple moving average is reported at $26.96.

Overview of Schwab Emerging Markets Equity ETF

The Schwab Emerging Markets Equity ETF aims to replicate the total return of the FTSE All-Emerging Index. This index includes large and mid-cap companies from various emerging market countries, representing about the top 90% of the eligible market.

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