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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price reached 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 changing hands. The stock had previously closed at $34.19.

Schwab US Dividend Equity ETF Trading Up 0.2%

The firm has a market capitalization of $106.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The stock’s 50 day moving average price is $32.66 and its two-hundred day moving average price is $31.66.

Institutional Trading of Schwab US Dividend Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. increased its holdings in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $25,000. Byrne Asset Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $27,000. Finally, Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $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.