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

by · The Markets Daily

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $29.19 and last traded at $29.1550, with a volume of 17146976 shares trading hands. The stock had previously closed at $28.70.

Schwab US Dividend Equity ETF Stock Up 1.6%

The stock has a 50 day moving average of $27.71 and a 200 day moving average of $27.36. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Several large investors have recently modified their holdings of SCHD. Rakuten Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the third quarter valued at $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $847,665,000. RMG Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $132,621,000. Cibc World Market Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Schwab US Dividend Equity ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the period.

Schwab US Dividend Equity ETF Company Profile

(Get Free Report)

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.

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