Independent Financial Group LLC Makes New $1.72 Million Investment in Schwab International Dividend Equity ETF $SCHY

Independent Financial Group LLC acquired a new position in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 54,448 shares of the company’s stock, valued at approximately $1,724,000. Independent Financial Group LLC owned 0.08% of Schwab International Dividend Equity ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SCHY. Royal Bank of Canada boosted its stake in Schwab International Dividend Equity ETF by 913.5% during the first quarter. Royal Bank of Canada now owns 88,377 shares of the company’s stock worth $2,243,000 after acquiring an additional 79,657 shares in the last quarter. Cetera Investment Advisers increased its stake in Schwab International Dividend Equity ETF by 83.7% in the second quarter. Cetera Investment Advisers now owns 15,699 shares of the company’s stock valued at $429,000 after purchasing an additional 7,152 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Schwab International Dividend Equity ETF by 8.6% during the second quarter. Raymond James Financial Inc. now owns 50,044 shares of the company’s stock valued at $1,369,000 after purchasing an additional 3,954 shares during the period. Jane Street Group LLC raised its holdings in shares of Schwab International Dividend Equity ETF by 136.5% during the second quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after purchasing an additional 169,291 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Schwab International Dividend Equity ETF by 38.2% during the 2nd quarter. Bank of America Corp DE now owns 313,387 shares of the company’s stock worth $8,571,000 after purchasing an additional 86,606 shares in the last quarter.

Schwab International Dividend Equity ETF Price Performance

SCHY stock opened at $32.54 on Monday. The company’s 50-day moving average is $32.18 and its 200-day moving average is $31.96. The stock has a market capitalization of $2.40 billion, a PE ratio of 14.06 and a beta of 0.53. Schwab International Dividend Equity ETF has a 1 year low of $26.83 and a 1 year high of $34.04.

Schwab International Dividend Equity ETF 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.