Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 12-Month High – What’s Next?

Shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.87 and last traded at $29.5650, with a volume of 6018 shares changing hands. The stock had previously closed at $29.42.

Schwab International Dividend Equity ETF Stock Up 0.5%

The stock has a 50-day moving average of $28.65 and a 200 day moving average of $28.00. The company has a market capitalization of $1.50 billion, a PE ratio of 14.06 and a beta of 0.57.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Cresset Asset Management LLC raised its stake in shares of Schwab International Dividend Equity ETF by 1.6% in the second quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock valued at $88,185,000 after buying an additional 51,032 shares during the period. Envestnet Asset Management Inc. increased its holdings in Schwab International Dividend Equity ETF by 28.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,967 shares of the company’s stock worth $409,000 after acquiring an additional 3,308 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF during the second quarter valued at about $32,000. OMC Financial Services LTD bought a new position in Schwab International Dividend Equity ETF during the second quarter worth about $2,555,000. Finally, Carolina Wealth Advisors LLC bought a new position in Schwab International Dividend Equity ETF during the second quarter worth about $30,000.

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.