Schwab International Dividend Equity ETF $SCHY Shares Sold by Summit Asset Management LLC

Summit Asset Management LLC trimmed its position in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 603,929 shares of the company’s stock after selling 31,203 shares during the period. Schwab International Dividend Equity ETF makes up approximately 2.5% of Summit Asset Management LLC’s holdings, making the stock its 15th biggest holding. Summit Asset Management LLC owned 1.00% of Schwab International Dividend Equity ETF worth $18,009,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCHY. Optima Capital LLC acquired a new stake in Schwab International Dividend Equity ETF in the fourth quarter valued at approximately $30,000. Biltmore Family Office LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $51,000. International Assets Investment Management LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $54,000. Assetmark Inc. lifted its stake in shares of Schwab International Dividend Equity ETF by 175.8% during the fourth quarter. Assetmark Inc. now owns 2,071 shares of the company’s stock worth $62,000 after buying an additional 1,320 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Schwab International Dividend Equity ETF by 329.6% during the third quarter. JPMorgan Chase & Co. now owns 3,523 shares of the company’s stock worth $98,000 after buying an additional 2,703 shares during the period.

Schwab International Dividend Equity ETF Trading Down 0.8%

NYSEARCA:SCHY opened at $32.43 on Friday. Schwab International Dividend Equity ETF has a 12 month low of $26.81 and a 12 month high of $34.04. The firm has a fifty day simple moving average of $32.06 and a 200-day simple moving average of $31.14. The company has a market capitalization of $2.25 billion, a P/E ratio of 14.06 and a beta of 0.54.

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.