Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year High – Should You Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.91 and last traded at $32.87, with a volume of 3382593 shares trading hands. The stock had previously closed at $32.83.

Schwab US Dividend Equity ETF Price Performance

The business has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $29.72. The firm has a market cap of $93.05 billion, a PE ratio of 14.57 and a beta of 0.68.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of large investors have recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. raised its holdings in shares of 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 valued at $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $25,000. Field & Main Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $32,000.

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.