Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 1-Year High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $35.56 and last traded at $35.4630, with a volume of 3,550,786 shares traded. The stock had previously closed at $35.09.

Schwab US Dividend Equity ETF Price Performance

The firm’s 50-day moving average is $34.10 and its 200 day moving average is $32.25. The stock has a market cap of $119.30 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Institutional Trading of Schwab US Dividend Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $79,998,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at about $71,569,000. Brookstone Capital Management acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $71,011,000. Summit Financial Wealth Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $63,803,000. Finally, BOKF NA acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $60,243,000.

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.