Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Reaches New 52-Week High – Still a Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares hit a new 52-week high on Monday . The company traded as high as $30.05 and last traded at $30.0350, with a volume of 516031 shares trading hands. The stock had previously closed at $30.04.

Schwab International Dividend Equity ETF Trading Up 0.2%

The firm has a market capitalization of $1.68 billion, a P/E ratio of 14.06 and a beta of 0.57. The stock has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $28.31.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Breakwater Investment Management increased its stake in shares of Schwab International Dividend Equity ETF by 37.5% in the second quarter. Breakwater Investment Management now owns 1,463 shares of the company’s stock worth $40,000 after purchasing an additional 399 shares in the last quarter. Parallel Advisors LLC increased its stake in Schwab International Dividend Equity ETF by 2.9% in the 2nd quarter. Parallel Advisors LLC now owns 15,428 shares of the company’s stock worth $422,000 after buying an additional 428 shares in the last quarter. Per Stirling Capital Management LLC. increased its stake in Schwab International Dividend Equity ETF by 2.2% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 22,325 shares of the company’s stock worth $624,000 after buying an additional 491 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings 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 valued at $338,000 after acquiring an additional 500 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Schwab International Dividend Equity ETF by 5.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,016 shares of the company’s stock valued at $329,000 after acquiring an additional 578 shares in 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.