Schwab US Dividend Equity ETF Target of Unusually Large Options Trading (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw unusually large options trading on Thursday. Stock investors bought 19,461 call options on the stock. This represents an increase of approximately 158% compared to the average daily volume of 7,541 call options.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded up $0.07 during trading on Thursday, reaching $35.08. The stock had a trading volume of 10,549,399 shares, compared to its average volume of 22,281,754. Schwab US Dividend Equity ETF has a one year low of $26.32 and a one year high of $35.31. The stock has a market cap of $108.97 billion, a PE ratio of 14.57 and a beta of 0.67. The firm’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $32.21.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $25,000. Byrne Asset Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the second quarter worth about $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in Schwab US Dividend Equity ETF during the second quarter worth about $27,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Finally, Ashton Thomas Securities LLC bought a new position in Schwab US Dividend Equity ETF in the first quarter worth about $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.