Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Hits New 12-Month High – Time to Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $33.67 and last traded at $33.60, with a volume of 758149 shares. The stock had previously closed at $33.46.

Schwab International Dividend Equity ETF Stock Performance

The business has a 50-day simple moving average of $31.08 and a 200-day simple moving average of $29.39. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC acquired a new position in Schwab International Dividend Equity ETF during the 2nd quarter worth approximately $26,000. Optima Capital LLC purchased a new stake in shares of Schwab International Dividend Equity ETF during the 4th quarter worth $30,000. Franklin Resources Inc. acquired a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $49,000. Biltmore Family Office LLC purchased a new position in Schwab International Dividend Equity ETF in the fourth quarter valued at $51,000. Finally, International Assets Investment Management LLC acquired a new stake in Schwab International Dividend Equity ETF in the fourth quarter valued at $54,000.

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. SCHY was launched on Apr 29, 2021 and is managed by Charles Schwab.