Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sets New 52-Week High – Here’s What Happened

Shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.26 and last traded at $27.20, with a volume of 313422 shares. The stock had previously closed at $27.15.

Schwab International Dividend Equity ETF Stock Up 0.2%

The firm has a fifty day simple moving average of $25.71 and a 200-day simple moving average of $24.64. The company has a market cap of $1.04 billion, a PE ratio of 14.76 and a beta of 0.58.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHY. Fifth Third Bancorp purchased a new position in shares of Schwab International Dividend Equity ETF during the first quarter worth about $26,000. LGT Financial Advisors LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter worth about $37,000. Olde Wealth Management LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the first quarter worth about $56,000. Comerica Bank grew its holdings in shares of Schwab International Dividend Equity ETF by 25.4% during the fourth quarter. Comerica Bank now owns 2,517 shares of the company’s stock worth $58,000 after buying an additional 510 shares during the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter worth about $75,000.

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.