Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $84.59 and last traded at $84.49, with a volume of 614280 shares trading hands. The stock had previously closed at $84.15.
Schwab US Dividend Equity ETF Stock Down 0.1 %
The stock’s 50-day moving average price is $81.70 and its 200 day moving average price is $79.47. The company has a market cap of $58.99 billion, a P/E ratio of 15.04 and a beta of 0.74.
Institutional Investors Weigh In On Schwab US Dividend Equity ETF
Several hedge funds and other institutional investors have recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. lifted its holdings in shares of Schwab US Dividend Equity ETF by 110.7% during the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock worth $471,352,000 after buying an additional 3,320,000 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Schwab US Dividend Equity ETF by 5,259.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock valued at $242,188,000 after purchasing an additional 3,056,451 shares during the last quarter. Charles Schwab Trust Bank bought a new stake in Schwab US Dividend Equity ETF in the 1st quarter valued at $146,782,000. Wulff Hansen & CO. grew its position in Schwab US Dividend Equity ETF by 8,405.3% in the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after purchasing an additional 1,438,322 shares during the last quarter. Finally, Focus Financial Network Inc. ADV bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $95,831,000.
About Schwab US Dividend Equity ETF
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.
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