Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sets New 1-Year High – Still a Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.59 and last traded at $33.3850, with a volume of 1327 shares traded. The stock had previously closed at $33.37.

Schwab International Dividend Equity ETF Trading Up 0.8%

The firm’s fifty day simple moving average is $31.00 and its two-hundred day simple moving average is $29.32. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 956.6% in the 4th quarter. Jane Street Group LLC now owns 600,000 shares of the company’s stock worth $17,892,000 after acquiring an additional 543,215 shares during the last quarter. Hamel Associates Inc. raised its position 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 purchasing an additional 385,730 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF in the third quarter valued at approximately $5,139,000. Opus Financial Solutions LLC acquired a new position in Schwab International Dividend Equity ETF during the fourth quarter worth $4,040,000. Finally, Carolina Wealth Advisors LLC boosted 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.