Mengis Capital Management Inc. Takes Position in Schwab International Dividend Equity ETF $SCHY

Mengis Capital Management Inc. bought a new position in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,449 shares of the company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cresset Asset Management LLC raised its stake in Schwab International Dividend Equity ETF by 1.6% during the second quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock worth $88,185,000 after acquiring an additional 51,032 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the 3rd quarter valued at $710,000. Sequoia Financial Advisors LLC bought a new stake in shares of Schwab International Dividend Equity ETF in the 3rd quarter worth about $5,139,000. Fiduciary Alliance LLC increased its position in shares of Schwab International Dividend Equity ETF by 36.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 92,155 shares of the company’s stock worth $2,575,000 after purchasing an additional 24,619 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Schwab International Dividend Equity ETF by 28.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,967 shares of the company’s stock worth $409,000 after purchasing an additional 3,308 shares in the last quarter.

Schwab International Dividend Equity ETF Stock Up 0.5%

Shares of SCHY stock opened at $32.60 on Thursday. The company has a market capitalization of $1.97 billion, a P/E ratio of 14.06 and a beta of 0.57. Schwab International Dividend Equity ETF has a 12-month low of $22.97 and a 12-month high of $34.04. The firm has a 50-day moving average price of $31.61 and a 200 day moving average price of $29.64.

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.