Valmark Advisers Inc. Makes New Investment in Schwab International Dividend Equity ETF $SCHY

Valmark Advisers Inc. bought a new stake in shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,000 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Schwab International Dividend Equity ETF by 16.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,108 shares of the company’s stock valued at $3,492,000 after purchasing an additional 16,910 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $468,000. DAVENPORT & Co LLC purchased a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $829,000. World Investment Advisors acquired a new stake in shares of Schwab International Dividend Equity ETF in the fourth quarter valued at about $1,286,000. Finally, Fiduciary Alliance LLC raised its position in shares of Schwab International Dividend Equity ETF by 12.3% in the first quarter. Fiduciary Alliance LLC now owns 167,891 shares of the company’s stock valued at $5,492,000 after buying an additional 18,382 shares during the last quarter.

Schwab International Dividend Equity ETF Trading Up 0.3%

NYSEARCA:SCHY opened at $32.19 on Wednesday. The company has a market cap of $2.38 billion, a P/E ratio of 14.06 and a beta of 0.53. Schwab International Dividend Equity ETF has a twelve month low of $26.83 and a twelve month high of $34.04. The company’s 50-day moving average price is $32.17 and its 200-day moving average price is $31.91.

Schwab International Dividend Equity ETF 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.