Modern Wealth Management LLC Raises Holdings in Schwab International Dividend Equity ETF (NYSEARCA:SCHY)

Modern Wealth Management LLC boosted its stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 6.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 140,990 shares of the company’s stock after acquiring an additional 9,101 shares during the period. Modern Wealth Management LLC’s holdings in Schwab International Dividend Equity ETF were worth $3,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHY. LPL Financial LLC lifted its position in shares of Schwab International Dividend Equity ETF by 131.0% during the fourth quarter. LPL Financial LLC now owns 496,314 shares of the company’s stock valued at $11,475,000 after buying an additional 281,430 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Schwab International Dividend Equity ETF by 69.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 68,218 shares of the company’s stock worth $1,577,000 after acquiring an additional 27,877 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Schwab International Dividend Equity ETF by 0.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,542 shares of the company’s stock valued at $1,400,000 after acquiring an additional 460 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Schwab International Dividend Equity ETF by 16.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,874 shares of the company’s stock valued at $298,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Summit X LLC acquired a new stake in Schwab International Dividend Equity ETF in the fourth quarter valued at approximately $210,000.

Schwab International Dividend Equity ETF Trading Up 0.4 %

Shares of SCHY stock opened at $25.56 on Wednesday. Schwab International Dividend Equity ETF has a 12-month low of $22.81 and a 12-month high of $26.54. The business’s fifty day simple moving average is $24.48 and its 200-day simple moving average is $24.57. The company has a market cap of $858.82 million, a PE ratio of 14.88 and a beta of 0.64.

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.