Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 12-Month High – Here’s What Happened

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $29.05 and last traded at $28.99, with a volume of 1563368 shares changing hands. The stock had previously closed at $28.38.

Schwab US Dividend Equity ETF Stock Up 0.6 %

The business has a 50 day moving average price of $28.17 and a two-hundred day moving average price of $27.04. The stock has a market cap of $20.39 billion, a P/E ratio of 15.04 and a beta of 0.74.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

A number of institutional investors have recently added to or reduced their stakes in SCHD. Concurrent Investment Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 332.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock valued at $1,532,000 after purchasing an additional 14,614 shares during the last quarter. Tidal Investments LLC purchased a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $310,000. O Shaughnessy Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 576.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock valued at $956,000 after buying an additional 10,106 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $109,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $67,000.

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.