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

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $30.25 and last traded at $30.2670, with a volume of 358124 shares changing hands. The stock had previously closed at $30.02.

Schwab International Dividend Equity ETF Price Performance

The business has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $28.48. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

Institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in shares of Schwab International Dividend Equity ETF by 1.6% during the second quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock worth $88,185,000 after buying an additional 51,032 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Schwab International Dividend Equity ETF by 28.4% in the second quarter. Envestnet Asset Management Inc. now owns 14,967 shares of the company’s stock worth $409,000 after acquiring an additional 3,308 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Schwab International Dividend Equity ETF during the 2nd quarter worth approximately $32,000. OMC Financial Services LTD acquired a new position in Schwab International Dividend Equity ETF during the 2nd quarter worth approximately $2,555,000. Finally, Carolina Wealth Advisors LLC increased its position in shares of Schwab International Dividend Equity ETF by 8,318.8% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 91,428 shares of the company’s stock valued at $2,554,000 after purchasing an additional 90,342 shares during the last quarter.

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.