Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 1-Year High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHDGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $31.94 and last traded at $31.8670, with a volume of 4282368 shares changing hands. The stock had previously closed at $31.77.

Schwab US Dividend Equity ETF Price Performance

The company has a market cap of $83.68 billion, a PE ratio of 14.57 and a beta of 0.77. The company has a 50-day moving average price of $29.60 and a two-hundred day moving average price of $28.10.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. lifted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $25,000. Biltmore Family Office LLC raised its position in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares in the last quarter. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $29,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth 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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