Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Large Volume Increase

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw strong trading volume on Tuesday . 1,465,203 shares traded hands during trading, a decline of 59% from the previous session’s volume of 3,614,583 shares.The stock last traded at $79.42 and had previously closed at $79.40.

Schwab US Dividend Equity ETF Stock Performance

The firm has a 50-day moving average of $77.72 and a 200-day moving average of $74.22. The firm has a market capitalization of $52.81 billion, a P/E ratio of 14.38 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SCHD. Napatree Capital LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $932,000. Cooksen Wealth LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $102,000. Skyline Advisors Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $14,172,000. BlueChip Wealth Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at about $8,392,000. Finally, Walden Wealth Partners LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $800,000.

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.