Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 9,345 call options on the company. This is an increase of 29% compared to the average daily volume of 7,242 call options.
Institutional Trading of Schwab US Dividend Equity ETF
Hedge funds have recently bought and sold shares of the business. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth about $26,000. DiNuzzo Private Wealth Inc. bought a new position in Schwab US Dividend Equity ETF during the second quarter valued at about $27,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at about $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000.
Schwab US Dividend Equity ETF Stock Performance
NYSEARCA:SCHD traded up $0.59 on Wednesday, hitting $35.10. The stock had a trading volume of 15,012,141 shares, compared to its average volume of 22,270,203. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.31. The firm’s fifty day simple moving average is $32.90 and its two-hundred day simple moving average is $31.88. The stock has a market cap of $109.05 billion, a P/E ratio of 14.57 and a beta of 0.67.
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.
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