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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $34.54 and last traded at $34.43, with a volume of 425704 shares traded. The stock had previously closed at $34.52.

Schwab US Dividend Equity ETF Price Performance

The firm has a market cap of $106.97 billion, a PE ratio of 14.57 and a beta of 0.67. The company’s 50 day moving average price is $32.82 and its 200 day moving average price is $31.81.

Institutional Trading of Schwab US Dividend Equity ETF

A number of large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after buying an additional 51,696 shares during the last quarter. Bison Wealth LLC raised its stake in Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after buying an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after buying an additional 155,769 shares in the last quarter. Finally, United Bank lifted its holdings in Schwab US Dividend Equity ETF by 5.0% during the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after buying an additional 9,351 shares during the last quarter.

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.