Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Large Volume Increase

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares saw unusually-high trading volume on Monday . Approximately 128,747 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 129,690 shares.The stock last traded at $23.81 and had previously closed at $23.57.

Schwab International Dividend Equity ETF Price Performance

The company has a market capitalization of $768.53 million, a price-to-earnings ratio of 12.22 and a beta of 0.68. The business’s 50 day simple moving average is $24.17 and its 200 day simple moving average is $24.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SCHY. OLD Mission Capital LLC increased its stake in shares of Schwab International Dividend Equity ETF by 302.3% during the first quarter. OLD Mission Capital LLC now owns 306,368 shares of the company’s stock worth $7,432,000 after acquiring an additional 230,222 shares during the period. Red Mountain Financial LLC acquired a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter worth about $2,411,000. IRON Financial LLC acquired a new position in shares of Schwab International Dividend Equity ETF during the fourth quarter worth about $2,399,000. Cresset Asset Management LLC increased its stake in shares of Schwab International Dividend Equity ETF by 5.4% during the fourth quarter. Cresset Asset Management LLC now owns 1,677,467 shares of the company’s stock worth $41,249,000 after acquiring an additional 86,036 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in Schwab International Dividend Equity ETF during the fourth quarter worth about $2,071,000.

About Schwab International Dividend Equity ETF

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.