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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $31.88 and last traded at $31.4420, with a volume of 3345505 shares changing hands. The stock had previously closed at $31.61.

Schwab US Dividend Equity ETF Stock Performance

The company has a market capitalization of $83.29 billion, a PE ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average is $29.04 and its 200 day moving average is $27.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SCHD. Colorado Capital Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 0.9% during the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after acquiring an additional 362 shares during the last quarter. Ellis Investment Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after purchasing an additional 375 shares during the last quarter. Harbor Group Inc. grew its position in Schwab US Dividend Equity ETF by 4.8% in the 3rd quarter. Harbor Group Inc. now owns 8,410 shares of the company’s stock worth $230,000 after purchasing an additional 383 shares during the period. Westside Investment Management Inc. raised its stake in Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after buying an additional 383 shares during the last quarter. Finally, International Private Wealth Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 3.3% during the 4th quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after buying an additional 397 shares during the last quarter.

Schwab US Dividend Equity ETF Company Profile

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.