Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year High – Should You Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price reached a new 52-week high on Friday . The company traded as high as $29.36 and last traded at $29.34, with a volume of 5465707 shares traded. The stock had previously closed at $28.98.

Schwab US Dividend Equity ETF Trading Up 1.3 %

The stock’s 50-day moving average is $28.43 and its two-hundred day moving average is $27.27. The company has a market capitalization of $20.59 billion, a PE ratio of 15.04 and a beta of 0.74.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHD. Colorado Capital Management Inc. increased its stake in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock worth $980,000 after purchasing an additional 121 shares during the period. Archer Investment Corp increased its stake in Schwab US Dividend Equity ETF by 21.7% in the 2nd quarter. Archer Investment Corp now owns 723 shares of the company’s stock worth $56,000 after buying an additional 129 shares during the period. Brick & Kyle Associates lifted its holdings in Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock valued at $354,000 after buying an additional 130 shares in the last quarter. Ascent Group LLC boosted its position in Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after buying an additional 145 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 0.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 42,870 shares of the company’s stock worth $3,334,000 after acquiring an additional 158 shares in the last quarter.

Schwab US Dividend Equity ETF Company Profile

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.