Schwab International Dividend Equity ETF $SCHY is Hamel Associates Inc.’s Largest Position

Hamel Associates Inc. grew its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 16.1% in the first quarter, Holdings Channel.com reports. The fund owned 820,968 shares of the company’s stock after purchasing an additional 113,809 shares during the period. Schwab International Dividend Equity ETF makes up about 7.4% of Hamel Associates Inc.’s holdings, making the stock its largest holding. Hamel Associates Inc.’s holdings in Schwab International Dividend Equity ETF were worth $25,992,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHY. Royal Bank of Canada grew its holdings in shares of Schwab International Dividend Equity ETF by 913.5% in the 1st quarter. Royal Bank of Canada now owns 88,377 shares of the company’s stock worth $2,243,000 after acquiring an additional 79,657 shares during the period. Cetera Investment Advisers raised its holdings in Schwab International Dividend Equity ETF by 83.7% during the second quarter. Cetera Investment Advisers now owns 15,699 shares of the company’s stock worth $429,000 after purchasing an additional 7,152 shares during the last quarter. Raymond James Financial Inc. boosted its position in Schwab International Dividend Equity ETF by 8.6% during the second quarter. Raymond James Financial Inc. now owns 50,044 shares of the company’s stock worth $1,369,000 after purchasing an additional 3,954 shares in the last quarter. Jane Street Group LLC grew its holdings in Schwab International Dividend Equity ETF by 136.5% in the second quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after purchasing an additional 169,291 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Schwab International Dividend Equity ETF by 38.2% in the second quarter. Bank of America Corp DE now owns 313,387 shares of the company’s stock valued at $8,571,000 after purchasing an additional 86,606 shares during the last quarter.

Schwab International Dividend Equity ETF Price Performance

Shares of SCHY stock opened at $32.54 on Monday. Schwab International Dividend Equity ETF has a fifty-two week low of $26.83 and a fifty-two week high of $34.04. The stock has a market cap of $2.40 billion, a P/E ratio of 14.06 and a beta of 0.53. The business has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $31.96.

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.