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

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $35.32 and last traded at $35.3350, with a volume of 22,315,906 shares trading hands. The stock had previously closed at $34.66.

Schwab US Dividend Equity ETF Stock Up 2.1%

The stock has a market capitalization of $118.41 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm has a 50 day simple moving average of $34.03 and a two-hundred day simple moving average of $32.85.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Cahill Financial Advisors Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 6.2% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 379,548 shares of the company’s stock worth $12,035,000 after acquiring an additional 22,218 shares during the last quarter. Dominguez Wealth Management Solutions Inc. grew its position in Schwab US Dividend Equity ETF by 434.1% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 209,188 shares of the company’s stock valued at $6,805,000 after buying an additional 170,021 shares during the period. Bangor Savings Bank purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth about $2,480,000. HB Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 8.4% during the 2nd quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock valued at $56,462,000 after buying an additional 137,402 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Schwab US Dividend Equity ETF by 18.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after acquiring an additional 82,981 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.