Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 12-Month High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $32.15 and last traded at $32.04, with a volume of 6072200 shares traded. The stock had previously closed at $32.04.

Schwab US Dividend Equity ETF Stock Performance

The business’s fifty day moving average price is $31.02 and its 200-day moving average price is $29.52. The stock has a market cap of $91.26 billion, a PE ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. raised its position in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $25,000. Biltmore Family Office LLC lifted its position in shares of Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after buying an additional 524 shares in the last quarter. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at 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.