Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 52-Week High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.36 and last traded at $29.2460, with a volume of 3153882 shares. The stock had previously closed at $29.18.

Schwab US Dividend Equity ETF Stock Performance

The stock has a market cap of $77.10 billion, a P/E ratio of 14.57 and a beta of 0.77. The stock has a 50-day moving average price of $28.02 and a 200-day moving average price of $27.45.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Colorado Capital Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 0.9% during the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after buying an additional 362 shares in the last quarter. Ellis Investment Partners LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after acquiring an additional 375 shares in the last quarter. Madden Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.3% in the 2nd quarter. Madden Advisory Services Inc. now owns 113,315 shares of the company’s stock worth $3,003,000 after acquiring an additional 383 shares during the last quarter. Harbor Group Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 4.8% in the 3rd quarter. Harbor Group Inc. now owns 8,410 shares of the company’s stock valued at $230,000 after purchasing an additional 383 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after purchasing an additional 383 shares during the last quarter.

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.