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

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw unusually-strong trading volume on Thursday . Approximately 79,919 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 127,407 shares.The stock last traded at $23.33 and had previously closed at $23.27.

Schwab International Dividend Equity ETF Trading Up 0.3 %

The stock has a market capitalization of $756.22 million, a price-to-earnings ratio of 11.61 and a beta of 0.67. The company’s 50 day moving average is $24.16 and its 200 day moving average is $23.85.

Institutional Trading of Schwab International Dividend Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHY. Cowa LLC grew its stake in Schwab International Dividend Equity ETF by 9,209.3% during the 1st quarter. Cowa LLC now owns 6,906,493 shares of the company’s stock worth $2,013,000 after buying an additional 6,832,304 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Schwab International Dividend Equity ETF by 1,077.4% in the fourth quarter. Jane Street Group LLC now owns 2,398,058 shares of the company’s stock valued at $53,764,000 after acquiring an additional 2,194,389 shares during the period. First Republic Investment Management Inc. grew its position in shares of Schwab International Dividend Equity ETF by 293.0% during the second quarter. First Republic Investment Management Inc. now owns 697,602 shares of the company’s stock worth $15,689,000 after acquiring an additional 520,116 shares during the last quarter. Pathstone Family Office LLC acquired a new position in shares of Schwab International Dividend Equity ETF in the 3rd quarter valued at $8,677,000. Finally, Magnolia Capital Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF in the 1st quarter valued at $6,098,000.

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.