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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $31.96 and last traded at $31.95, with a volume of 7540064 shares trading hands. The stock had previously closed at $31.45.

Schwab US Dividend Equity ETF Stock Performance

The firm has a market cap of $90.64 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. The company’s fifty day moving average is $30.98 and its two-hundred day moving average is $29.12.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 3.3% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares in the last quarter. Semus Wealth Partners LLC lifted its position in Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after acquiring an additional 347 shares in the last quarter. Colorado Capital Management Inc. lifted its position in 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 worth $1,060,000 after acquiring an additional 362 shares in the last quarter. Ellis Investment Partners LLC lifted its position in Schwab US Dividend Equity ETF by 1.1% during the 3rd 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. Finally, Westside Investment Management Inc. lifted its position in 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 worth $198,000 after acquiring an additional 383 shares in 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.