Magnolia Capital Advisors LLC Sells 75,168 Shares of Schwab International Dividend Equity ETF $SCHY

Magnolia Capital Advisors LLC reduced its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 39.1% in the third quarter, HoldingsChannel reports. The firm owned 116,847 shares of the company’s stock after selling 75,168 shares during the period. Magnolia Capital Advisors LLC’s holdings in Schwab International Dividend Equity ETF were worth $3,265,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SCHY. Hamel Associates Inc. grew its stake in Schwab International Dividend Equity ETF by 250.1% in the second quarter. Hamel Associates Inc. now owns 539,955 shares of the company’s stock valued at $14,768,000 after purchasing an additional 385,730 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Schwab International Dividend Equity ETF during the third quarter valued at about $5,139,000. Jane Street Group LLC lifted its position in shares of Schwab International Dividend Equity ETF by 136.5% during the second quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after buying an additional 169,291 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Schwab International Dividend Equity ETF by 8,318.8% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 91,428 shares of the company’s stock valued at $2,554,000 after buying an additional 90,342 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in shares of Schwab International Dividend Equity ETF by 61.1% in the 3rd quarter. Modern Wealth Management LLC now owns 233,842 shares of the company’s stock valued at $6,534,000 after buying an additional 88,656 shares in the last quarter.

Schwab International Dividend Equity ETF Stock Down 0.2%

Shares of Schwab International Dividend Equity ETF stock opened at $31.87 on Thursday. The company has a market cap of $1.92 billion, a P/E ratio of 14.06 and a beta of 0.57. The firm’s 50 day moving average price is $31.80 and its 200-day moving average price is $29.76. Schwab International Dividend Equity ETF has a 52-week low of $22.97 and a 52-week high of $34.04.

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.