Investors Purchase Large Volume of Call Options on Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw unusually large options trading on Wednesday. Stock investors purchased 9,345 call options on the company. This represents an increase of 29% compared to the average volume of 7,242 call options.

Schwab US Dividend Equity ETF Stock Up 1.7%

SCHD traded up $0.59 during trading on Wednesday, hitting $35.10. 15,012,141 shares of the company’s stock were exchanged, compared to its average volume of 22,270,203. The stock has a market cap of $109.05 billion, a P/E ratio of 14.57 and a beta of 0.67. The business’s 50 day moving average is $32.90 and its two-hundred day moving average is $31.88. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $35.31.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares in the last quarter. Royal Bank of Canada boosted its holdings in Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after acquiring an additional 660,876 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares in 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.