Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Trading Down 0.3% – Time to Sell?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price was down 0.3% on Friday . The company traded as low as $28.00 and last traded at $28.12. Approximately 16,897,811 shares were traded during trading, an increase of 67% from the average daily volume of 10,091,336 shares. The stock had previously closed at $28.20.

Schwab US Dividend Equity ETF Price Performance

The firm’s 50 day moving average price is $28.69 and its two-hundred day moving average price is $27.54. The stock has a market cap of $19.73 billion, a PE ratio of 15.04 and a beta of 0.74.

Institutional Trading of Schwab US Dividend Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Colorado Capital Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 1.1% in the third quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock worth $980,000 after buying an additional 121 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Schwab US Dividend Equity ETF by 21.7% in the 2nd quarter. Archer Investment Corp now owns 723 shares of the company’s stock valued at $56,000 after acquiring an additional 129 shares in the last quarter. Brick & Kyle Associates boosted its position in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock valued at $354,000 after acquiring an additional 130 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.2% during the second quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock worth $940,000 after purchasing an additional 145 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 0.4% in the second quarter. Foundations Investment Advisors LLC now owns 42,870 shares of the company’s stock worth $3,334,000 after purchasing an additional 158 shares during the last quarter.

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.