Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw an uptick in trading volume on Monday . 771,058 shares changed hands during mid-day trading, an increase of 297% from the previous session’s volume of 194,441 shares.The stock last traded at $25.29 and had previously closed at $25.38.

Schwab International Dividend Equity ETF Trading Down 0.1 %

The stock has a market cap of $851.76 million, a PE ratio of 14.31 and a beta of 0.65. The business’s 50-day moving average price is $23.92 and its 200-day moving average price is $24.61.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Summit Asset Management LLC increased its holdings in Schwab International Dividend Equity ETF by 1.6% during the 3rd quarter. Summit Asset Management LLC now owns 841,247 shares of the company’s stock valued at $22,015,000 after acquiring an additional 13,536 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Schwab International Dividend Equity ETF by 85.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 607,094 shares of the company’s stock worth $14,036,000 after acquiring an additional 279,308 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 131.0% in the 4th quarter. LPL Financial LLC now owns 496,314 shares of the company’s stock worth $11,475,000 after purchasing an additional 281,430 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Schwab International Dividend Equity ETF by 305.6% in the fourth quarter. Jane Street Group LLC now owns 332,900 shares of the company’s stock valued at $7,697,000 after purchasing an additional 250,821 shares during the period. Finally, Magnolia Capital Advisors LLC increased its holdings in shares of Schwab International Dividend Equity ETF by 4.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 218,820 shares of the company’s stock valued at $5,059,000 after purchasing an additional 10,169 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.