Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Reaches New 52-Week High – Should You Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $33.00 and last traded at $32.8170, with a volume of 6972 shares changing hands. The stock had previously closed at $32.79.

Schwab International Dividend Equity ETF Price Performance

The stock has a 50-day simple moving average of $30.40 and a 200-day simple moving average of $29.00. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.06 and a beta of 0.57.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Several institutional investors have recently added to or reduced their stakes in the business. NewCorp Financial Services Inc. bought a new position in Schwab International Dividend Equity ETF during the fourth quarter worth about $247,000. Acorn Wealth Advisors LLC lifted its stake in shares of Schwab International Dividend Equity ETF by 4.2% during the 4th quarter. Acorn Wealth Advisors LLC now owns 22,755 shares of the company’s stock valued at $679,000 after buying an additional 909 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab International Dividend Equity ETF by 16.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,108 shares of the company’s stock worth $3,492,000 after buying an additional 16,910 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new position in Schwab International Dividend Equity ETF in the 4th quarter valued at approximately $411,000. Finally, Biltmore Family Office LLC bought a new stake in Schwab International Dividend Equity ETF during the 4th quarter valued at $51,000.

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. SCHY was launched on Apr 29, 2021 and is managed by Charles Schwab.