Modern Wealth Management LLC Boosts Stake in Schwab International Dividend Equity ETF $SCHY

Modern Wealth Management LLC increased its holdings in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) by 61.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,842 shares of the company’s stock after purchasing an additional 88,656 shares during the quarter. Modern Wealth Management LLC owned 0.46% of Schwab International Dividend Equity ETF worth $6,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Anchor Investment Management LLC raised its position in Schwab International Dividend Equity ETF by 29.1% in the 2nd quarter. Anchor Investment Management LLC now owns 2,824 shares of the company’s stock worth $77,000 after buying an additional 637 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Schwab International Dividend Equity ETF by 329.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,523 shares of the company’s stock valued at $98,000 after acquiring an additional 2,703 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Schwab International Dividend Equity ETF during the 3rd quarter valued at about $136,000. AE Wealth Management LLC bought a new stake in shares of Schwab International Dividend Equity ETF in the third quarter worth approximately $140,000. Finally, Meridian Financial Advisors LLC bought a new stake in shares of Schwab International Dividend Equity ETF in the third quarter worth approximately $200,000.

Schwab International Dividend Equity ETF Stock Down 0.3%

SCHY opened at $31.76 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57. The firm has a 50 day moving average price of $31.68 and a 200-day moving average price of $29.69. Schwab International Dividend Equity ETF has a twelve month low of $22.97 and a twelve month high of $34.04.

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. SCHY was launched on Apr 29, 2021 and is managed by Charles Schwab.