Summit Asset Management LLC Lowers Position in Schwab International Dividend Equity ETF $SCHY

Summit Asset Management LLC decreased its holdings in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 635,132 shares of the company’s stock after selling 25,852 shares during the period. Schwab International Dividend Equity ETF makes up about 2.7% of Summit Asset Management LLC’s holdings, making the stock its 11th largest holding. Summit Asset Management LLC owned 1.25% of Schwab International Dividend Equity ETF worth $17,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC raised its holdings in shares of Schwab International Dividend Equity ETF by 1.6% in the 2nd quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock valued at $88,185,000 after acquiring an additional 51,032 shares in the last quarter. Hamel Associates Inc. increased its position in shares of 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 worth $14,768,000 after purchasing an additional 385,730 shares during the last quarter. Bank of America Corp DE raised its stake in Schwab International Dividend Equity ETF by 38.2% in the second 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 in the last quarter. Charles Schwab Trust Co lifted its position in Schwab International Dividend Equity ETF by 1.8% during the third quarter. Charles Schwab Trust Co now owns 294,245 shares of the company’s stock valued at $8,221,000 after purchasing an additional 5,134 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Schwab International Dividend Equity ETF by 136.5% during the second quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after purchasing an additional 169,291 shares during the last quarter.

Schwab International Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHY opened at $32.98 on Tuesday. The company’s fifty day moving average price is $30.33 and its 200-day moving average price is $28.97. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57. Schwab International Dividend Equity ETF has a one year low of $22.97 and a one year high of $33.00.

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.