Royal Bank of Canada Acquires 31,337 Shares of Schwab International Dividend Equity ETF $SCHY

Royal Bank of Canada raised its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 39.7% in the first quarter, Holdings Channel.com reports. The firm owned 110,226 shares of the company’s stock after buying an additional 31,337 shares during the period. Royal Bank of Canada’s holdings in Schwab International Dividend Equity ETF were worth $3,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 956.6% in the fourth quarter. Jane Street Group LLC now owns 600,000 shares of the company’s stock valued at $17,892,000 after purchasing an additional 543,215 shares in the last quarter. Opus Financial Solutions LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter valued at approximately $4,040,000. Hamel Associates Inc. grew its holdings in Schwab International Dividend Equity ETF by 16.1% during the first quarter. Hamel Associates Inc. now owns 820,968 shares of the company’s stock worth $25,992,000 after buying an additional 113,809 shares in the last quarter. Bank of America Corp DE grew its holdings in Schwab International Dividend Equity ETF by 38.2% during the second quarter. Bank of America Corp DE now owns 313,387 shares of the company’s stock worth $8,571,000 after buying an additional 86,606 shares in the last quarter. Finally, Farrow Financial Inc. bought a new stake in Schwab International Dividend Equity ETF during the fourth quarter worth $2,410,000.

Schwab International Dividend Equity ETF Trading Down 0.0%

NYSEARCA SCHY opened at $33.18 on Friday. The business has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $32.36. Schwab International Dividend Equity ETF has a 12 month low of $27.45 and a 12 month high of $34.04. The firm has a market capitalization of $2.51 billion, a P/E ratio of 14.06 and a beta of 0.53.

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.