Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 52-Week High – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price reached a new 52-week high on Thursday. The company traded as high as $35.32 and last traded at $35.3350, with a volume of 22,315,906 shares traded. The stock had previously closed at $34.66.

Schwab US Dividend Equity ETF Stock Up 2.1%

The company’s fifty day moving average is $34.03 and its 200-day moving average is $32.85. The company has a market cap of $118.41 billion, a PE ratio of 14.57 and a beta of 0.68.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cahill Financial Advisors Inc. grew its stake in Schwab US Dividend Equity ETF by 6.2% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 379,548 shares of the company’s stock valued at $12,035,000 after acquiring an additional 22,218 shares during the last quarter. Dominguez Wealth Management Solutions Inc. increased its position in Schwab US Dividend Equity ETF by 434.1% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 209,188 shares of the company’s stock worth $6,805,000 after buying an additional 170,021 shares during the last quarter. Bangor Savings Bank bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $2,480,000. HB Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 8.4% in the second quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock valued at $56,462,000 after buying an additional 137,402 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Schwab US Dividend Equity ETF by 18.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after buying an additional 82,981 shares during the period.

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.