Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 1-Year High – Here’s Why

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.93 and last traded at $32.93, with a volume of 2140965 shares changing hands. The stock had previously closed at $32.34.

Schwab US Dividend Equity ETF Stock Performance

The stock has a market cap of $99.91 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The company’s 50 day simple moving average is $32.20 and its 200 day simple moving average is $31.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after buying an additional 84,262 shares during the period. Revolve Wealth Partners LLC grew its holdings in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after acquiring an additional 51,696 shares during the period. Bison Wealth LLC raised its position in Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after acquiring an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after acquiring an additional 155,769 shares in the last quarter. Finally, United Bank lifted its holdings in Schwab US Dividend Equity ETF by 5.0% in the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after acquiring an additional 9,351 shares during 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.