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

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.98 and last traded at $27.08, with a volume of 294 shares changing hands. The stock had previously closed at $26.88.

Schwab International Dividend Equity ETF Stock Up 0.4%

The company has a 50 day simple moving average of $26.86 and a 200-day simple moving average of $25.14. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.27 and a beta of 0.64.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of Schwab International Dividend Equity ETF by 0.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,542 shares of the company’s stock worth $1,400,000 after purchasing an additional 460 shares during the period. Comerica Bank raised its position in shares of Schwab International Dividend Equity ETF by 25.4% during the fourth quarter. Comerica Bank now owns 2,517 shares of the company’s stock worth $58,000 after purchasing an additional 510 shares during the period. Astoria Portfolio Advisors LLC. raised its position in shares of Schwab International Dividend Equity ETF by 5.6% during the first quarter. Astoria Portfolio Advisors LLC. now owns 9,911 shares of the company’s stock worth $257,000 after purchasing an additional 530 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Schwab International Dividend Equity ETF by 4.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,358 shares of the company’s stock worth $263,000 after purchasing an additional 534 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in shares of Schwab International Dividend Equity ETF by 8.2% during the first quarter. Bruce G. Allen Investments LLC now owns 9,292 shares of the company’s stock worth $236,000 after purchasing an additional 707 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.