Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 52-Week High – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHDGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $33.54 and last traded at $33.51, with a volume of 2834722 shares. The stock had previously closed at $33.29.

Schwab US Dividend Equity ETF Trading Up 0.7%

The stock has a fifty day simple moving average of $32.38 and a two-hundred day simple moving average of $31.27. The company has a market cap of $103.01 billion, a PE ratio of 14.57 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SCHD. Byrne Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $27,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $25,000. Finally, Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Company Profile

(Get Free Report)

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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