Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 52-Week High – Time to Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $30.25 and last traded at $30.2670, with a volume of 358124 shares changing hands. The stock had previously closed at $30.02.

Schwab International Dividend Equity ETF Stock Performance

The company has a market capitalization of $1.76 billion, a P/E ratio of 14.06 and a beta of 0.57. The company has a 50-day simple moving average of $29.46 and a 200 day simple moving average of $28.45.

Institutional Trading of Schwab International Dividend Equity ETF

A number of hedge funds have recently bought and sold shares of SCHY. Sharkey Howes & Javer bought a new position in shares of Schwab International Dividend Equity ETF during the 4th quarter worth about $201,000. DAVENPORT & Co LLC acquired a new stake in Schwab International Dividend Equity ETF during the fourth quarter worth about $829,000. Orgel Wealth Management LLC grew its position in Schwab International Dividend Equity ETF by 15.5% during the fourth quarter. Orgel Wealth Management LLC now owns 8,806 shares of the company’s stock worth $263,000 after buying an additional 1,185 shares in the last quarter. Noble Family Wealth LLC increased its stake in Schwab International Dividend Equity ETF by 2.7% during the fourth quarter. Noble Family Wealth LLC now owns 100,625 shares of the company’s stock valued at $3,001,000 after acquiring an additional 2,674 shares during the period. Finally, OMC Financial Services LTD raised its holdings in Schwab International Dividend Equity ETF by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 158,978 shares of the company’s stock valued at $4,741,000 after acquiring an additional 540 shares in the last quarter.

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.