Western Wealth Management LLC Makes New Investment in Schwab International Dividend Equity ETF $SCHY

Western Wealth Management LLC bought a new stake in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) during the first quarter, Holdings Channel.com reports. The firm bought 38,131 shares of the company’s stock, valued at approximately $1,207,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Schwab International Dividend Equity ETF by 16.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,108 shares of the company’s stock worth $3,492,000 after acquiring an additional 16,910 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in Schwab International Dividend Equity ETF by 12.3% during the 1st quarter. Fiduciary Alliance LLC now owns 167,891 shares of the company’s stock worth $5,492,000 after purchasing an additional 18,382 shares during the period. Hamel Associates Inc. raised its holdings in Schwab International Dividend Equity ETF by 12.1% in the fourth quarter. Hamel Associates Inc. now owns 707,159 shares of the company’s stock valued at $21,087,000 after acquiring an additional 76,611 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the 1st quarter valued at $1,724,000. Finally, World Investment Advisors acquired a new stake in Schwab International Dividend Equity ETF in the fourth quarter valued at $1,286,000.

Schwab International Dividend Equity ETF Stock Performance

NYSEARCA:SCHY opened at $33.18 on Thursday. The stock has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $32.33. The stock has a market cap of $2.51 billion, a P/E ratio of 14.06 and a beta of 0.53. Schwab International Dividend Equity ETF has a 1 year low of $27.45 and a 1 year high of $34.04.

Schwab International Dividend Equity ETF 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.