Investors Buy Large Volume of Put Options on Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the target of some unusual options trading on Thursday. Stock traders purchased 9,781 put options on the company. This represents an increase of approximately 22% compared to the average daily volume of 7,999 put options.

Schwab US Dividend Equity ETF Stock Down 0.1%

NYSEARCA SCHD traded down $0.04 during trading hours on Thursday, hitting $34.05. The company had a trading volume of 12,145,225 shares, compared to its average volume of 22,376,162. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $35.31. The business has a fifty day simple moving average of $33.79 and a 200-day simple moving average of $32.32. The firm has a market cap of $105.80 billion, a P/E ratio of 14.57 and a beta of 0.68.

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. Paradiem LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter valued at $56,258,000. Cibc World Market Inc. boosted its position in Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at about $43,773,000. Baer Investment Advisory LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at about $46,847,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $41,630,000.

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.