Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year High – Here’s What Happened

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $36.10 and last traded at $36.0350, with a volume of 10,984,161 shares changing hands. The stock had previously closed at $35.55.

Schwab US Dividend Equity ETF Stock Performance

The business has a 50-day moving average price of $34.19 and a 200 day moving average price of $32.46. The stock has a market capitalization of $119.65 billion, a P/E ratio of 19.09 and a beta of 0.68.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCHD. Vanguard Capital Wealth Advisors grew its stake in shares of Schwab US Dividend Equity ETF by 0.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after acquiring an additional 296 shares during the last quarter. Wealth Management Partners LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock valued at $596,000 after purchasing an additional 300 shares during the last quarter. Triumph Capital Management raised its position in shares of Schwab US Dividend Equity ETF by 14.6% in the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock valued at $78,000 after purchasing an additional 305 shares during the last quarter. Gemmer Asset Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after purchasing an additional 317 shares during the last quarter. Finally, Advisor Resource Council boosted its stake in Schwab US Dividend Equity ETF by 1.3% in the 3rd quarter. Advisor Resource Council now owns 25,529 shares of the company’s stock worth $835,000 after purchasing an additional 331 shares in the last quarter.

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.