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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $32.91 and last traded at $32.87, with a volume of 3382593 shares. The stock had previously closed at $32.83.

Schwab US Dividend Equity ETF Stock Performance

The firm’s 50-day moving average price is $31.24 and its 200 day moving average price is $29.81. The company has a market cap of $92.40 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Institutional investors have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. grew 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 worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $25,000. Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during 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.