Summit Asset Management LLC Cuts Stock Position in Schwab International Dividend Equity ETF $SCHY

Summit Asset Management LLC decreased its position in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 3.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 635,132 shares of the company’s stock after selling 25,852 shares during the quarter. Schwab International Dividend Equity ETF comprises 2.7% of Summit Asset Management LLC’s holdings, making the stock its 11th largest position. Summit Asset Management LLC’s holdings in Schwab International Dividend Equity ETF were worth $17,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.B. Root & Company LLC grew its position in Schwab International Dividend Equity ETF by 11.3% during the third quarter. D.B. Root & Company LLC now owns 15,997 shares of the company’s stock valued at $447,000 after acquiring an additional 1,626 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab International Dividend Equity ETF by 10.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,597 shares of the company’s stock valued at $464,000 after purchasing an additional 1,630 shares during the last quarter. Landaas & Co. WI ADV bought a new position in shares of Schwab International Dividend Equity ETF during the 3rd quarter valued at $248,000. Cahill Financial Advisors Inc. raised its position in Schwab International Dividend Equity ETF by 12.8% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 89,734 shares of the company’s stock worth $2,507,000 after purchasing an additional 10,170 shares during the period. Finally, Joule Financial LLC bought a new stake in Schwab International Dividend Equity ETF in the third quarter worth $275,000.

Schwab International Dividend Equity ETF Stock Up 0.6%

NYSEARCA SCHY opened at $32.98 on Tuesday. The company has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $28.97. Schwab International Dividend Equity ETF has a 12-month low of $22.97 and a 12-month high of $33.00. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

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.