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

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $32.00 and last traded at $31.8450, with a volume of 386 shares traded. The stock had previously closed at $31.69.

Schwab International Dividend Equity ETF Trading Up 0.8%

The business has a 50-day moving average price of $30.02 and a 200-day moving average price of $28.79. The stock has a market cap of $1.91 billion, a PE ratio of 14.06 and a beta of 0.57.

Institutional Trading of Schwab International Dividend Equity ETF

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Schwab International Dividend Equity ETF by 913.5% during the 1st quarter. Royal Bank of Canada now owns 88,377 shares of the company’s stock worth $2,243,000 after purchasing an additional 79,657 shares during the period. Farther Finance Advisors LLC acquired a new position in Schwab International Dividend Equity ETF during the second quarter worth $32,000. Janney Montgomery Scott LLC lifted its stake in Schwab International Dividend Equity ETF by 4.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,360 shares of the company’s stock worth $338,000 after purchasing an additional 500 shares in the last quarter. D.B. Root & Company LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the second quarter worth $393,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Schwab International Dividend Equity ETF by 10.0% in the second quarter. Robertson Stephens Wealth Management LLC now owns 152,959 shares of the company’s stock valued at $4,183,000 after buying an additional 13,959 shares in the last quarter.

Schwab International Dividend Equity ETF Company 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.