Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 1-Year High – Should You Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached a new 52-week high during trading on Monday . The company traded as high as $33.54 and last traded at $33.51, with a volume of 2834722 shares changing hands. The stock had previously closed at $33.29.

Schwab US Dividend Equity ETF Price Performance

The company has a market cap of $103.01 billion, a PE ratio of 14.57 and a beta of 0.68. The company’s 50 day simple moving average is $32.38 and its two-hundred day simple moving average is $31.27.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bell Bank grew its position in shares of Schwab US Dividend Equity ETF by 53.3% during the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after buying an additional 36,212 shares in the last quarter. BIP Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $1,589,000. Aspire Capital Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 2.9% during the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after purchasing an additional 30,146 shares in the last quarter. Freestone Capital Holdings LLC increased its position in Schwab US Dividend Equity ETF by 62.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock worth $1,174,000 after buying an additional 16,486 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Schwab US Dividend Equity ETF by 18.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after purchasing an additional 82,981 shares during 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.