Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Strong Trading Volume – Time to Buy?

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) shares saw strong trading volume on Wednesday . 180,537 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 141,203 shares.The stock last traded at $24.19 and had previously closed at $24.08.

Schwab International Dividend Equity ETF Stock Performance

The stock has a market cap of $784.40 million, a PE ratio of 12.22 and a beta of 0.68. The firm’s 50-day moving average is $25.09 and its 200 day moving average is $24.88.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

Several institutional investors have recently added to or reduced their stakes in SCHY. Summit Asset Management LLC increased its stake in Schwab International Dividend Equity ETF by 1.6% in the 3rd quarter. Summit Asset Management LLC now owns 841,247 shares of the company’s stock valued at $22,015,000 after buying an additional 13,536 shares during the period. Souders Financial Advisors raised its stake in shares of Schwab International Dividend Equity ETF by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 541,417 shares of the company’s stock worth $12,761,000 after buying an additional 20,486 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab International Dividend Equity ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 312,060 shares of the company’s stock valued at $7,355,000 after buying an additional 10,951 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the 2nd quarter valued at approximately $6,609,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Schwab International Dividend Equity ETF in the second quarter valued at approximately $5,353,000.

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.