Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Strong Trading Volume – Here’s What Happened

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares saw unusually-strong trading volume on Wednesday . Approximately 180,537 shares changed hands during trading, an increase of 28% from the previous session’s volume of 141,203 shares.The stock last traded at $24.19 and had previously closed at $24.08.

Schwab International Dividend Equity ETF Stock Performance

The business has a 50-day moving average of $25.09 and a 200 day moving average of $24.88. The stock has a market cap of $784.40 million, a PE ratio of 12.22 and a beta of 0.68.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. boosted its holdings in shares of Schwab International Dividend Equity ETF by 16.8% during the first quarter. Cape Investment Advisory Inc. now owns 30,966 shares of the company’s stock worth $751,000 after purchasing an additional 4,459 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Schwab International Dividend Equity ETF by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 37,166 shares of the company’s stock worth $876,000 after buying an additional 1,720 shares during the last quarter. CAP Partners LLC grew its holdings in Schwab International Dividend Equity ETF by 5.2% in the 2nd quarter. CAP Partners LLC now owns 38,293 shares of the company’s stock valued at $903,000 after buying an additional 1,898 shares during the period. LongView Wealth Management increased its stake in shares of Schwab International Dividend Equity ETF by 22.1% during the 2nd quarter. LongView Wealth Management now owns 110,710 shares of the company’s stock valued at $2,609,000 after acquiring an additional 20,049 shares during the last quarter. Finally, IRON Financial LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 6.6% during the 2nd quarter. IRON Financial LLC now owns 122,096 shares of the company’s stock worth $2,878,000 after acquiring an additional 7,589 shares during the period.

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.