Modern Wealth Management LLC Acquires 88,656 Shares of Schwab International Dividend Equity ETF $SCHY

Modern Wealth Management LLC raised its holdings in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 61.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,842 shares of the company’s stock after acquiring an additional 88,656 shares during the quarter. Modern Wealth Management LLC’s holdings in Schwab International Dividend Equity ETF were worth $6,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SCHY. Cresset Asset Management LLC lifted its position in Schwab International Dividend Equity ETF by 1.6% during the second quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock valued at $88,185,000 after purchasing an additional 51,032 shares in the last quarter. Inspire Advisors LLC bought a new stake in Schwab International Dividend Equity ETF during the third quarter valued at about $710,000. Sequoia Financial Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF in the third quarter worth about $5,139,000. Envestnet Asset Management Inc. increased its position in Schwab International Dividend Equity ETF by 28.4% in the second quarter. Envestnet Asset Management Inc. now owns 14,967 shares of the company’s stock worth $409,000 after buying an additional 3,308 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its stake in shares of Schwab International Dividend Equity ETF by 36.5% in the third quarter. Fiduciary Alliance LLC now owns 92,155 shares of the company’s stock worth $2,575,000 after buying an additional 24,619 shares during the period.

Schwab International Dividend Equity ETF Stock Down 0.3%

SCHY stock opened at $31.76 on Friday. Schwab International Dividend Equity ETF has a twelve month low of $22.97 and a twelve month high of $34.04. The stock has a market cap of $1.92 billion, a P/E ratio of 14.06 and a beta of 0.57. The business’s 50-day moving average price is $31.68 and its 200-day moving average price is $29.69.

Schwab International Dividend Equity ETF Profile

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.