Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year High – Still a Buy?

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high during trading on Thursday . The company traded as high as $31.96 and last traded at $31.95, with a volume of 7540064 shares. The stock had previously closed at $31.45.

Schwab US Dividend Equity ETF Stock Performance

The stock has a market cap of $90.64 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. The business’s fifty day simple moving average is $30.98 and its 200 day simple moving average is $29.12.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of institutional investors have recently made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $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 approximately $847,665,000. Wells Fargo & Company MN raised its position in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter.

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.