Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Unusually-High Trading Volume – Here’s Why

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw strong trading volume on Monday . 771,058 shares changed hands during mid-day trading, an increase of 297% from the previous session’s volume of 194,441 shares.The stock last traded at $25.29 and had previously closed at $25.38.

Schwab International Dividend Equity ETF Stock Performance

The firm has a market capitalization of $848.74 million, a PE ratio of 14.88 and a beta of 0.64. The stock has a fifty day moving average price of $24.01 and a 200-day moving average price of $24.60.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Schwab International Dividend Equity ETF by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 60,542 shares of the company’s stock valued at $1,400,000 after buying an additional 460 shares in the last quarter. Comerica Bank increased its position in Schwab International Dividend Equity ETF by 25.4% during the fourth quarter. Comerica Bank now owns 2,517 shares of the company’s stock worth $58,000 after purchasing an additional 510 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Schwab International Dividend Equity ETF by 4.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,358 shares of the company’s stock worth $263,000 after purchasing an additional 534 shares during the last quarter. Tradition Wealth Management LLC raised its stake in Schwab International Dividend Equity ETF by 8.6% during the fourth quarter. Tradition Wealth Management LLC now owns 12,681 shares of the company’s stock worth $293,000 after purchasing an additional 1,000 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in Schwab International Dividend Equity ETF by 15.6% in the 3rd quarter. Balboa Wealth Partners now owns 11,492 shares of the company’s stock valued at $301,000 after purchasing an additional 1,553 shares during the last quarter.

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.