Hamel Associates Inc. Buys 113,809 Shares of Schwab International Dividend Equity ETF $SCHY

Hamel Associates Inc. raised its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 16.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 820,968 shares of the company’s stock after acquiring an additional 113,809 shares during the period. Schwab International Dividend Equity ETF makes up 7.4% of Hamel Associates Inc.’s investment portfolio, making the stock its biggest holding. Hamel Associates Inc. owned 1.18% of Schwab International Dividend Equity ETF worth $25,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Schwab International Dividend Equity ETF by 913.5% in the first quarter. Royal Bank of Canada now owns 88,377 shares of the company’s stock valued at $2,243,000 after purchasing an additional 79,657 shares during the period. Cetera Investment Advisers lifted its holdings in shares of 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 period. Raymond James Financial Inc. lifted its holdings in shares of 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 during the period. Jane Street Group LLC grew its position in Schwab International Dividend Equity ETF by 136.5% in the 2nd quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after buying an additional 169,291 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Schwab International Dividend Equity ETF by 38.2% in the 2nd quarter. Bank of America Corp DE now owns 313,387 shares of the company’s stock valued at $8,571,000 after buying an additional 86,606 shares during the last quarter.

Schwab International Dividend Equity ETF Stock Performance

Shares of SCHY opened at $32.54 on Monday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 14.06 and a beta of 0.53. Schwab International Dividend Equity ETF has a 1 year low of $26.83 and a 1 year high of $34.04. The company’s fifty day moving average is $32.18 and its two-hundred day moving average is $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.