Spinnaker Investment Group LLC Grows Stake in Schwab International Dividend Equity ETF (NYSEARCA:SCHY)

Spinnaker Investment Group LLC grew its holdings in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,389 shares of the company’s stock after purchasing an additional 1,739 shares during the period. Spinnaker Investment Group LLC’s holdings in Schwab International Dividend Equity ETF were worth $934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Summit Asset Management LLC increased its position 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 buying an additional 13,536 shares in the last quarter. Souders Financial Advisors grew its stake in shares of Schwab International Dividend Equity ETF by 3.9% during the second quarter. Souders Financial Advisors now owns 541,417 shares of the company’s stock worth $12,761,000 after acquiring an additional 20,486 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Schwab International Dividend Equity ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 312,060 shares of the company’s stock valued at $7,355,000 after acquiring an additional 10,951 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Schwab International Dividend Equity ETF in the 2nd quarter valued at approximately $6,609,000. Finally, Susquehanna International Group LLP acquired a new stake in Schwab International Dividend Equity ETF in the 2nd quarter worth approximately $5,353,000.

Schwab International Dividend Equity ETF Trading Up 0.8 %

Shares of Schwab International Dividend Equity ETF stock opened at $23.63 on Friday. The firm’s 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $24.68. The firm has a market capitalization of $765.61 million, a price-to-earnings ratio of 12.22 and a beta of 0.68. Schwab International Dividend Equity ETF has a 12-month low of $22.81 and a 12-month high of $26.54.

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.