Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 52-Week High – Here’s Why

Schwab US Dividend Equity ETF (NYSEARCA:SCHDGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.15 and last traded at $32.04, with a volume of 6072200 shares. The stock had previously closed at $32.04.

Schwab US Dividend Equity ETF Price Performance

The stock’s 50 day simple moving average is $31.02 and its two-hundred day simple moving average is $29.52. The firm has a market cap of $91.26 billion, a P/E ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $847,665,000. Wells Fargo & Company MN increased its position in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares in the last quarter.

Schwab US Dividend Equity ETF Company Profile

(Get Free Report)

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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