Stock Traders Purchase Large Volume of Schwab US Dividend Equity ETF Call Options (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 11,312 call options on the stock. This represents an increase of approximately 73% compared to the average volume of 6,550 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCHD. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the period. Paradiem LLC bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $56,258,000. Cibc World Market Inc. increased its position in shares of 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 valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $43,773,000. Finally, Baer Investment Advisory LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter valued at about $46,847,000.

Schwab US Dividend Equity ETF Trading Up 1.3%

SCHD stock traded up $0.44 during trading on Friday, hitting $33.24. The company had a trading volume of 9,628,739 shares, compared to its average volume of 22,001,436. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.50. The firm has a market capitalization of $101.90 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a 50 day moving average of $32.34 and a 200 day moving average of $31.23.

About Schwab US Dividend Equity ETF

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.