Schwab US Dividend Equity ETF Sees Unusually High Options Volume (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw some unusual options trading on Thursday. Stock traders acquired 9,787 put options on the stock. This represents an increase of approximately 61% compared to the typical daily volume of 6,070 put options.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHD. Whitaker Myers Wealth Managers LTD. increased its stake in Schwab US Dividend Equity ETF by 6.3% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 1,042,013 shares of the company’s stock worth $33,042,000 after purchasing an additional 61,308 shares during the period. Tactive Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $204,000. Sax Wealth Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 146.0% in the second quarter. Sax Wealth Advisors LLC now owns 39,444 shares of the company’s stock worth $1,210,000 after purchasing an additional 23,408 shares during the last quarter. Ehrlich Financial Group grew its holdings in shares of Schwab US Dividend Equity ETF by 9.8% in the second quarter. Ehrlich Financial Group now owns 51,142 shares of the company’s stock worth $1,622,000 after purchasing an additional 4,582 shares during the last quarter. Finally, Lexington Hill Partners LLC increased its stake in Schwab US Dividend Equity ETF by 34.8% in the 2nd quarter. Lexington Hill Partners LLC now owns 180,561 shares of the company’s stock worth $5,726,000 after buying an additional 46,658 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD traded down $0.05 on Thursday, hitting $32.29. 5,570,986 shares of the stock were exchanged, compared to its average volume of 22,204,260. The stock has a fifty day moving average price of $32.13 and a two-hundred day moving average price of $30.84. The firm has a market capitalization of $97.77 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $32.92.

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.