Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 12-Month High – Should You Buy?

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high on Thursday . The company traded as high as $32.93 and last traded at $32.93, with a volume of 2140965 shares. The stock had previously closed at $32.34.

Schwab US Dividend Equity ETF Stock Performance

The firm has a 50 day simple moving average of $32.26 and a two-hundred day simple moving average of $31.06. The stock has a market cap of $100.39 billion, a P/E ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Buska Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 1.6% during the 2nd quarter. Buska Wealth Management LLC now owns 29,448 shares of the company’s stock valued at $934,000 after acquiring an additional 460 shares during the last quarter. Investors Research Corp increased its stake in Schwab US Dividend Equity ETF by 3.6% in the 2nd quarter. Investors Research Corp now owns 290,362 shares of the company’s stock valued at $9,207,000 after buying an additional 10,146 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 245.1% in the second quarter. JFS Wealth Advisors LLC now owns 20,885 shares of the company’s stock worth $662,000 after acquiring an additional 14,834 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000. Finally, Dagco Inc. lifted its stake in Schwab US Dividend Equity ETF by 5.1% in the second quarter. Dagco Inc. now owns 822,011 shares of the company’s stock valued at $26,066,000 after acquiring an additional 39,927 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.