Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year High – Here’s What Happened

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached a new 52-week high on Monday . The company traded as high as $35.31 and last traded at $35.26, with a volume of 5624157 shares changing hands. The stock had previously closed at $35.11.

Schwab US Dividend Equity ETF Trading Up 0.2%

The stock’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $31.99. The firm has a market capitalization of $109.33 billion, a P/E ratio of 14.57 and a beta of 0.67.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Byrne Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF in the second quarter worth $26,000. DiNuzzo Private Wealth Inc. bought a new position in Schwab US Dividend Equity ETF during the second quarter valued at about $27,000. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $32,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000.

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.