WFA of San Diego LLC Invests in Schwab Emerging Markets Equity ETF

WFA of San Diego LLC has recently initiated a new position in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE), expanding its investment portfolio during the second quarter. As disclosed in the latest SEC filings, the firm purchased 9,091 shares valued at about $224,000.

Institutional Investors Activity

A number of other institutional investors have also adjusted their holdings in SCHE. Ironwood Wealth Management LLC. secured a new position in the ETF with an investment worth around $326,000 in the first quarter. AMI Investment Management Inc. grew its ownership by 6.6%, now holding 155,881 shares valued at $4.329 million. JPMorgan Chase & Co.'s stake surged impressively by 1,814.1%, with the firm owning 73,617 shares, equivalent to $2.044 million. Citigroup Inc. increased its shares by 79.4%, holding 2,481 valued at $69,000, and Bank of Montreal Can's stake went up by 1.8%, totalling 75,886 shares worth $2.144 million.

SCHE Trading Trends

On the trading front, SCHE's stock rose 0.8%, with a trade increase of $0.20, reaching $24.82. The ETF had a trading volume of 103,313 shares, standing below its average volume of 1,432,275. Schwab Emerging Markets Equity ETF has a current market capitalization of $8.61 billion, with a P/E ratio of 11.24 and a beta of 0.68, representing its volatility compared to the broader market. It has also been noted that the 52-week range for the ETF is between $22.88 and $26.40, with a 50 day simple moving average of $23.93 and a 200-day simple moving average of $24.44.

About SCHE

The Schwab Emerging Markets Equity ETF aims to track the total return of the FTSE All-Emerging Index, which is made up of large and mid-cap companies based in emerging markets, representing the top 90% of the eligible market by capitalization.

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