Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 12-Month High – What’s Next?

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

Schwab International Dividend Equity ETF Trading Up 0.7%

The firm has a 50-day simple moving average of $29.46 and a two-hundred day simple moving average of $28.45. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHY. CWM LLC acquired a new position in Schwab International Dividend Equity ETF during the second quarter worth $26,000. Carolina Wealth Advisors LLC acquired a new position in Schwab International Dividend Equity ETF during the 2nd quarter worth $30,000. Farther Finance Advisors LLC acquired a new position in Schwab International Dividend Equity ETF during the 2nd quarter worth $32,000. Breakwater Investment Management boosted its holdings in 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 acquiring an additional 399 shares during the period. Finally, Anchor Investment Management LLC grew its position in shares of Schwab International Dividend Equity ETF by 29.1% in the second quarter. Anchor Investment Management LLC now owns 2,824 shares of the company’s stock valued at $77,000 after purchasing an additional 637 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.