Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Reaches New 52-Week High – Here’s What Happened

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.89 and last traded at $29.8750, with a volume of 54829 shares traded. The stock had previously closed at $29.69.

Schwab International Dividend Equity ETF Stock Performance

The stock’s fifty day simple moving average is $28.93 and its two-hundred day simple moving average is $28.15. The stock has a market capitalization of $1.51 billion, a P/E ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hamel Associates Inc. boosted its holdings 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 acquiring an additional 385,730 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Schwab International Dividend Equity ETF in the 3rd quarter worth approximately $5,139,000. Jane Street Group LLC lifted its position in shares of Schwab International Dividend Equity ETF by 136.5% in the 2nd quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock worth $8,022,000 after purchasing an additional 169,291 shares during the period. OMC Financial Services LTD bought a new stake in shares of Schwab International Dividend Equity ETF in the 2nd quarter valued at $2,555,000. Finally, Carolina Wealth Advisors LLC increased its position in shares of Schwab International Dividend Equity ETF by 8,318.8% during the third quarter. Carolina Wealth Advisors LLC now owns 91,428 shares of the company’s stock worth $2,554,000 after buying an additional 90,342 shares during the period.

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.