Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 12-Month High – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high during trading on Tuesday . The company traded as high as $34.31 and last traded at $34.29, with a volume of 2108482 shares traded. The stock had previously closed at $34.19.

Schwab US Dividend Equity ETF Trading Up 0.2%

The firm’s fifty day moving average price is $32.66 and its two-hundred day moving average price is $31.66. The stock has a market capitalization of $106.44 billion, a PE ratio of 14.57 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC raised its holdings in Schwab US Dividend Equity ETF by 62.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock worth $1,174,000 after purchasing an additional 16,486 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Schwab US Dividend Equity ETF by 18.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after purchasing an additional 82,981 shares in the last quarter. Annex Advisory Services LLC increased its position in Schwab US Dividend Equity ETF by 3,070.8% during the 4th quarter. Annex Advisory Services LLC now owns 312,387 shares of the company’s stock worth $8,569,000 after purchasing an additional 302,535 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 52.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,036,896 shares of the company’s stock valued at $28,442,000 after buying an additional 358,353 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Schwab US Dividend Equity ETF by 351,462.5% in the fourth quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock valued at $9,258,000 after buying an additional 337,404 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.