Northwestern Mutual Wealth Management Co. Has $3.49 Million Position in Schwab International Dividend Equity ETF $SCHY

Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 16.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 117,108 shares of the company’s stock after purchasing an additional 16,910 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Schwab International Dividend Equity ETF were worth $3,492,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Optima Capital LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the 4th quarter valued at $30,000. Biltmore Family Office LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the 4th quarter valued at $51,000. International Assets Investment Management LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the 4th quarter valued at $54,000. Assetmark Inc. lifted its stake in shares of Schwab International Dividend Equity ETF by 175.8% in the 4th 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 last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Schwab International Dividend Equity ETF by 329.6% in the 3rd 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 last quarter.

Schwab International Dividend Equity ETF Trading Up 0.6%

SCHY stock opened at $32.18 on Friday. Schwab International Dividend Equity ETF has a 1 year low of $26.81 and a 1 year high of $34.04. The company has a fifty day simple moving average of $32.23 and a 200 day simple moving average of $31.38. The firm has a market cap of $2.23 billion, a PE ratio of 14.06 and a beta of 0.53.

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.