Schwab International Equity ETF (NYSEARCA:SCHF) Reaches New 12-Month High – Still a Buy?

Schwab International Equity ETF (NYSEARCA:SCHF) hit a new 52-week high on Friday . The company traded as high as $24.29 and last traded at $24.2150, with a volume of 1092545 shares. The stock had previously closed at $24.15.

Schwab International Equity ETF Price Performance

The company has a market capitalization of $53.60 billion, a P/E ratio of 16.14 and a beta of 0.86. The firm has a fifty day moving average price of $23.67 and a 200-day moving average price of $22.76.

Hedge Funds Weigh In On Schwab International Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its holdings in Schwab International Equity ETF by 94.7% during the second quarter. Corient Private Wealth LLC now owns 42,108,788 shares of the company’s stock worth $930,592,000 after buying an additional 20,481,030 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab International Equity ETF by 3.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 348,092,210 shares of the company’s stock worth $6,885,264,000 after purchasing an additional 13,021,873 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Schwab International Equity ETF by 4.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 109,691,724 shares of the company’s stock worth $2,424,187,000 after purchasing an additional 4,920,805 shares during the period. AlphaCore Capital LLC lifted its stake in Schwab International Equity ETF by 34,510.8% in the second quarter. AlphaCore Capital LLC now owns 3,764,614 shares of the company’s stock valued at $83,198,000 after purchasing an additional 3,753,737 shares during the last quarter. Finally, SCS Capital Management LLC grew its holdings in Schwab International Equity ETF by 22.1% during the first quarter. SCS Capital Management LLC now owns 13,136,350 shares of the company’s stock valued at $259,837,000 after purchasing an additional 2,379,429 shares during the period.

About Schwab International Equity ETF

Schwab Strategic Trust (the Trust) is an open-end management investment company. The Trust’s portfolio of funds include Schwab U.S. REIT ETF, Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S.