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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price reached a new 52-week high on Thursday. The stock traded as high as $35.56 and last traded at $35.4630, with a volume of 3,550,786 shares traded. The stock had previously closed at $35.09.

Schwab US Dividend Equity ETF Trading Up 0.9%

The company has a market cap of $119.30 billion, a PE ratio of 14.57 and a beta of 0.68. The firm has a 50 day moving average of $34.10 and a two-hundred day moving average of $32.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its stake in Schwab US Dividend Equity ETF by 6.2% during the second quarter. Cahill Financial Advisors Inc. now owns 379,548 shares of the company’s stock worth $12,035,000 after purchasing an additional 22,218 shares in the last quarter. Dominguez Wealth Management Solutions Inc. grew its holdings in shares of 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 worth $6,805,000 after purchasing an additional 170,021 shares during the last quarter. Bangor Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $2,480,000. HB Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 8.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock valued at $56,462,000 after acquiring an additional 137,402 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 15.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 400,330 shares of the company’s stock worth $12,694,000 after acquiring an additional 52,223 shares during the period.

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.