Valmark Advisers Inc. Takes $538,000 Position in Schwab International Dividend Equity ETF $SCHY

Valmark Advisers Inc. acquired a new stake in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,000 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in Schwab International Dividend Equity ETF by 956.6% during the fourth quarter. Jane Street Group LLC now owns 600,000 shares of the company’s stock worth $17,892,000 after acquiring an additional 543,215 shares during the last quarter. Opus Financial Solutions LLC purchased a new stake in Schwab International Dividend Equity ETF in the fourth quarter valued at $4,040,000. Bank of America Corp DE lifted its stake in shares of Schwab International Dividend Equity ETF by 38.2% in the 2nd quarter. Bank of America Corp DE now owns 313,387 shares of the company’s stock valued at $8,571,000 after purchasing an additional 86,606 shares during the last quarter. Farrow Financial Inc. acquired a new position in shares of Schwab International Dividend Equity ETF in the 4th quarter valued at $2,410,000. Finally, Royal Bank of Canada grew its holdings 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.

Schwab International Dividend Equity ETF Trading Up 0.3%

Shares of NYSEARCA:SCHY opened at $32.19 on Wednesday. The business has a 50-day moving average price of $32.17 and a 200 day moving average price of $31.91. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 14.06 and a beta of 0.53. Schwab International Dividend Equity ETF has a 12-month low of $26.83 and a 12-month high of $34.04.

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.