Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 52-Week High – Time to Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.92 and last traded at $32.87, with a volume of 9126178 shares changing hands. The stock had previously closed at $32.53.

Schwab US Dividend Equity ETF Price Performance

The stock has a market cap of $93.19 billion, a P/E ratio of 14.57 and a beta of 0.67. The company has a fifty day moving average price of $31.64 and a 200 day moving average price of $30.22.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Several institutional investors have recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. grew its holdings in 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 worth $25,000 after buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth about $32,000.

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.