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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high on Monday . The company traded as high as $34.54 and last traded at $34.43, with a volume of 425704 shares changing hands. The stock had previously closed at $34.52.

Schwab US Dividend Equity ETF Stock Down 0.3%

The firm’s fifty day moving average price is $32.82 and its 200-day moving average price is $31.81. The stock has a market cap of $106.97 billion, a P/E ratio of 14.57 and a beta of 0.67.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in Schwab US Dividend Equity ETF by 18.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after acquiring an additional 82,981 shares during the last quarter. Aurora Private Wealth Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $2,054,000. BNP Paribas Financial Markets raised its position in Schwab US Dividend Equity ETF by 351,462.5% in the fourth quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock valued at $9,258,000 after purchasing an additional 337,404 shares during the period. Mission Hills Financial Advisory LLC lifted its stake in Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Mission Hills Financial Advisory LLC now owns 352,317 shares of the company’s stock worth $9,664,000 after purchasing an additional 19,072 shares in the last quarter. Finally, TABR Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth $482,000.

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.