Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 1-Year High – Here’s Why

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price reached a new 52-week high on Monday . The company traded as high as $33.00 and last traded at $32.8170, with a volume of 6972 shares traded. The stock had previously closed at $32.79.

Schwab International Dividend Equity ETF Stock Up 0.4%

The company has a 50-day moving average price of $30.26 and a 200-day moving average price of $28.93. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Several hedge funds have recently modified their holdings of the business. Biltmore Family Office LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the fourth quarter worth $51,000. World Investment Advisors bought a new stake in Schwab International Dividend Equity ETF in the 4th quarter valued at $1,246,000. International Assets Investment Management LLC acquired a new stake in Schwab International Dividend Equity ETF in the 4th quarter worth $54,000. D.B. Root & Company LLC grew its position in Schwab International Dividend Equity ETF by 19.0% in the 4th quarter. D.B. Root & Company LLC now owns 19,035 shares of the company’s stock worth $568,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC increased its holdings in shares of Schwab International Dividend Equity ETF by 48.3% during the 4th quarter. Hidden Cove Wealth Management LLC now owns 30,913 shares of the company’s stock worth $922,000 after purchasing an additional 10,074 shares during the period.

About Schwab International Dividend Equity ETF

The Schwab International Dividend Equity ETF (SCHY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a modified market-cap-weighted index of 100 high-dividend-yielding stocks located outside of the US. Stocks are selected based on additional fundamental criteria and low volatility. SCHY was launched on Apr 29, 2021 and is managed by Charles Schwab.