Stock Traders Purchase High Volume of Call Options on Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the target of some unusual options trading activity on Thursday. Stock investors acquired 19,461 call options on the company. This represents an increase of 158% compared to the average volume of 7,541 call options.

Schwab US Dividend Equity ETF Trading Up 0.2%

SCHD traded up $0.07 on Thursday, reaching $35.08. The company had a trading volume of 10,549,399 shares, compared to its average volume of 22,281,754. The company has a fifty day moving average of $33.51 and a 200-day moving average of $32.21. The company has a market capitalization of $108.97 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a one year low of $26.32 and a one year high of $35.31.

Institutional Trading of Schwab US Dividend Equity ETF

A number of institutional investors have recently made changes to their positions in the stock. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. bought a new stake in Schwab US Dividend Equity ETF during the second quarter worth approximately $27,000. Dynamic Wealth Strategies LLC acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Schwab US Dividend Equity ETF in the first quarter worth approximately $32,000.

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.