Corient Private Wealth LLC significantly reduced its stake in the **Schwab Emerging Markets Equity ETF** (NYSEARCA: SCHE) by **87.8%** during the second quarter of 2023. According to a recent filing with the **Securities and Exchange Commission**, the firm sold **835,501 shares**, leaving it with **116,562 shares** valued at approximately **$3.51 million** as of the latest report.
This substantial divestment highlights a shift in investment strategy for Corient Private Wealth, which follows a trend of portfolio adjustments among several hedge funds in recent months. For instance, **Pin Oak Investment Advisors Inc.** acquired a new stake in the Schwab ETF, investing around **$32,000** during the same quarter. Similarly, **Hoey Investments Inc.** entered the market with a new position estimated at **$33,000**.
**Keener Financial Planning LLC** made a remarkable increase in its holdings, boosting its stake by an astounding **5,945.5%**. The firm now owns **1,330 shares** of the ETF, valued at **$40,000**, after acquiring an additional **1,308 shares**. **Headlands Technologies LLC** also joined the ranks of new investors, with a stake valued at **$43,000**. Meanwhile, **Game Plan Financial Advisors LLC** raised its holdings in the ETF by **106.9%**, owning **1,655 shares** worth **$46,000** following a purchase of **855 additional shares**.
Market Performance and Fund Overview
As of Monday, the **Schwab Emerging Markets Equity ETF** opened at **$32.41**. The fund boasts a market capitalization of **$11.05 billion**, with a price-to-earnings ratio of **15.58** and a beta of **0.54**. Performance indicators show that the ETF has a **12-month low** of **$24.11** and a **12-month high** of **$34.54**. The fund’s fifty-day simple moving average stands at **$33.40**, while its two-hundred-day simple moving average is at **$32.04**.
The **Schwab Emerging Markets Equity ETF** aims to track the total return of the **FTSE All-Emerging Index**, which includes large and mid-cap companies from emerging markets. This index accounts for approximately the top **90%** of eligible companies. The fund utilizes various derivatives, such as options and futures, and may lend its portfolio securities to financial institutions to enhance returns.
Investors continue to monitor the **Schwab Emerging Markets Equity ETF** closely, given its significant market presence and the adjustments by investment firms.
