Schwab International Dividend Equity ETF $SCHY Shares Sold by Summit Asset Management LLC

Summit Asset Management LLC cut its holdings in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 603,929 shares of the company’s stock after selling 31,203 shares during the period. Schwab International Dividend Equity ETF comprises approximately 2.5% of Summit Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Summit Asset Management LLC’s holdings in Schwab International Dividend Equity ETF were worth $18,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHY. Optima Capital LLC acquired a new position in Schwab International Dividend Equity ETF during the fourth quarter valued at $30,000. Biltmore Family Office LLC acquired a new position in Schwab International Dividend Equity ETF during the fourth quarter valued at $51,000. International Assets Investment Management LLC acquired a new position in Schwab International Dividend Equity ETF during the fourth quarter valued at $54,000. Assetmark Inc. lifted its position in Schwab International Dividend Equity ETF by 175.8% during the fourth quarter. Assetmark Inc. now owns 2,071 shares of the company’s stock valued at $62,000 after purchasing an additional 1,320 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Schwab International Dividend Equity ETF by 329.6% during the third quarter. JPMorgan Chase & Co. now owns 3,523 shares of the company’s stock valued at $98,000 after purchasing an additional 2,703 shares during the period.

Schwab International Dividend Equity ETF Price Performance

NYSEARCA SCHY opened at $32.43 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of 14.06 and a beta of 0.54. The company has a fifty day moving average of $32.06 and a 200 day moving average of $31.14. Schwab International Dividend Equity ETF has a 1 year low of $26.81 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.