Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Large Volume Increase – Should You Buy?

Shares of Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw strong trading volume on Thursday . 318,232 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 129,444 shares.The stock last traded at $24.90 and had previously closed at $24.93.

Schwab International Dividend Equity ETF Stock Down 0.6 %

The firm has a 50 day moving average price of $25.79 and a 200 day moving average price of $24.77. The stock has a market cap of $804.82 million, a P/E ratio of 12.22 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in Schwab International Dividend Equity ETF by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 54,221 shares of the company’s stock valued at $1,419,000 after purchasing an additional 469 shares during the period. Greenleaf Trust bought a new stake in Schwab International Dividend Equity ETF during the 3rd quarter valued at approximately $267,000. FSC Wealth Advisors LLC bought a new stake in Schwab International Dividend Equity ETF during the 3rd quarter valued at approximately $327,000. Embree Financial Group raised its stake in Schwab International Dividend Equity ETF by 1.4% during the 3rd quarter. Embree Financial Group now owns 55,903 shares of the company’s stock valued at $1,463,000 after purchasing an additional 782 shares during the period. Finally, Creative Planning bought a new stake in Schwab International Dividend Equity ETF during the 3rd quarter valued at approximately $261,000.

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.