Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 12-Month High – Still a Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.00 and last traded at $29.8770, with a volume of 469 shares trading hands. The stock had previously closed at $29.96.

Schwab International Dividend Equity ETF Stock Performance

The company has a market cap of $1.51 billion, a P/E ratio of 14.06 and a beta of 0.57. The firm has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $28.22.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Institutional investors have recently made changes to their positions in the business. Breakwater Investment Management increased its position in shares of Schwab International Dividend Equity ETF by 37.5% during the second quarter. Breakwater Investment Management now owns 1,463 shares of the company’s stock valued at $40,000 after buying an additional 399 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Schwab International Dividend Equity ETF by 2.9% during the 2nd quarter. Parallel Advisors LLC now owns 15,428 shares of the company’s stock valued at $422,000 after buying an additional 428 shares in the last quarter. Per Stirling Capital Management LLC. grew its holdings in Schwab International Dividend Equity ETF by 2.2% in the third quarter. Per Stirling Capital Management LLC. now owns 22,325 shares of the company’s stock worth $624,000 after purchasing an additional 491 shares during the period. Janney Montgomery Scott LLC increased its position in Schwab International Dividend Equity ETF by 4.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,360 shares of the company’s stock valued at $338,000 after buying an additional 500 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Schwab International Dividend Equity ETF by 5.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,016 shares of the company’s stock worth $329,000 after purchasing an additional 578 shares during the last quarter.

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.