Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 52-Week High – Time to Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $32.92 and last traded at $32.87, with a volume of 9126178 shares. The stock had previously closed at $32.53.

Schwab US Dividend Equity ETF Stock Performance

The firm has a market capitalization of $93.19 billion, a P/E ratio of 14.57 and a beta of 0.67. The business has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $30.22.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Institutional investors have recently modified their holdings of the company. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $25,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $32,000.

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.