Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 12-Month High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high during trading on Thursday. The company traded as high as $35.56 and last traded at $35.4630, with a volume of 3,550,786 shares trading hands. The stock had previously closed at $35.09.

Schwab US Dividend Equity ETF Trading Up 0.5%

The firm has a 50-day simple moving average of $34.13 and a two-hundred day simple moving average of $32.32. The company has a market capitalization of $120.59 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Large investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $13,975,000. Bfsg LLC raised its position in Schwab US Dividend Equity ETF by 0.6% in the third quarter. Bfsg LLC now owns 105,486 shares of the company’s stock worth $3,431,000 after acquiring an additional 675 shares during the period. Clear Point Advisors Inc. boosted its stake in Schwab US Dividend Equity ETF by 55.1% in the third quarter. Clear Point Advisors Inc. now owns 33,338 shares of the company’s stock valued at $1,084,000 after acquiring an additional 11,847 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $9,436,000. Finally, Verity Asset Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $2,088,000.

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.