Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 1-Year High – Here’s What Happened

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high on Wednesday. The company traded as high as $36.10 and last traded at $36.0350, with a volume of 10,984,161 shares traded. The stock had previously closed at $35.55.

Schwab US Dividend Equity ETF Price Performance

The firm has a market capitalization of $122.18 billion, a PE ratio of 14.57 and a beta of 0.66. The company has a fifty day moving average of $34.16 and a 200-day moving average of $32.39.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rakuten Investment Management Inc. grew its position in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after acquiring an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after purchasing an additional 354,983 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $337,510,000. Cassaday & Co Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 shares during 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.