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

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $33.67 and last traded at $33.60, with a volume of 758149 shares trading hands. The stock had previously closed at $33.46.

Schwab International Dividend Equity ETF Stock Performance

The business has a 50-day moving average of $31.08 and a 200-day moving average of $29.39. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

A number of institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 1.6% in the 3rd quarter. Cresset Asset Management LLC now owns 3,274,507 shares of the company’s stock worth $91,490,000 after acquiring an additional 50,198 shares during the last quarter. Hamel Associates Inc. raised its position in Schwab International Dividend Equity ETF by 12.1% in the fourth quarter. Hamel Associates Inc. now owns 707,159 shares of the company’s stock valued at $21,087,000 after purchasing an additional 76,611 shares during the period. Summit Asset Management LLC raised its position in Schwab International Dividend Equity ETF by 0.5% in the second quarter. Summit Asset Management LLC now owns 660,984 shares of the company’s stock valued at $18,078,000 after purchasing an additional 3,218 shares during the period. Jane Street Group LLC lifted its stake in Schwab International Dividend Equity ETF by 956.6% during the fourth quarter. Jane Street Group LLC now owns 600,000 shares of the company’s stock worth $17,892,000 after purchasing an additional 543,215 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Schwab International Dividend Equity ETF by 7.1% during the fourth quarter. Osaic Holdings Inc. now owns 584,471 shares of the company’s stock worth $17,429,000 after buying an additional 38,724 shares during the period.

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.