Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 12-Month High – Still a Buy?

Shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.00 and last traded at $29.8770, with a volume of 469 shares trading hands. The stock had previously closed at $29.96.

Schwab International Dividend Equity ETF Stock Down 0.4%

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57. The stock’s fifty day moving average is $29.07 and its two-hundred day moving average is $28.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Schwab International Dividend Equity ETF by 913.5% in the 1st quarter. Royal Bank of Canada now owns 88,377 shares of the company’s stock valued at $2,243,000 after purchasing an additional 79,657 shares in the last quarter. Modern Wealth Management LLC lifted its stake in Schwab International Dividend Equity ETF by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 147,635 shares of the company’s stock valued at $3,747,000 after purchasing an additional 8,580 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Schwab International Dividend Equity ETF by 2.9% during the second quarter. Parallel Advisors LLC now owns 15,428 shares of the company’s stock worth $422,000 after buying an additional 428 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in shares of Schwab International Dividend Equity ETF during the second quarter worth $1,847,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Schwab International Dividend Equity ETF by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 10,580 shares of the company’s stock valued at $289,000 after acquiring an additional 1,288 shares during the last quarter.

About Schwab International Dividend Equity ETF

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.