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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached a new 52-week high on Tuesday . The stock traded as high as $31.88 and last traded at $31.4420, with a volume of 3345505 shares. The stock had previously closed at $31.61.

Schwab US Dividend Equity ETF Trading Down 0.7%

The firm has a market cap of $82.59 billion, a P/E ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average is $28.88 and its two-hundred day moving average is $27.79.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.1% in the fourth quarter. Advisory Services Network LLC now owns 661,336 shares of the company’s stock valued at $18,140,000 after purchasing an additional 7,445 shares during the last quarter. Chokshi & Queen Wealth Advisors Inc grew its position in Schwab US Dividend Equity ETF by 6.4% in the 4th quarter. Chokshi & Queen Wealth Advisors Inc now owns 15,555 shares of the company’s stock worth $427,000 after purchasing an additional 935 shares in the last quarter. American Alpha Advisors LLC grew its position in Schwab US Dividend Equity ETF by 1.3% in the 4th quarter. American Alpha Advisors LLC now owns 380,629 shares of the company’s stock worth $10,441,000 after purchasing an additional 5,038 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Schwab US Dividend Equity ETF by 17.3% in the 4th quarter. Russell Investments Group Ltd. now owns 27,874 shares of the company’s stock valued at $765,000 after buying an additional 4,108 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC lifted its position in shares of Schwab US Dividend Equity ETF by 25.4% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 16,537 shares of the company’s stock worth $454,000 after buying an additional 3,352 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.