Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 12-Month High – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $34.31 and last traded at $34.29, with a volume of 2108482 shares trading hands. The stock had previously closed at $34.19.

Schwab US Dividend Equity ETF Price Performance

The stock has a fifty day moving average price of $32.73 and a two-hundred day moving average price of $31.74. The company has a market cap of $106.44 billion, a P/E ratio of 14.57 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Freestone Capital Holdings LLC increased its stake in Schwab US Dividend Equity ETF by 62.7% during the 4th quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock valued at $1,174,000 after buying an additional 16,486 shares during the period. Rockefeller Capital Management L.P. boosted its stake 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 valued at $14,369,000 after purchasing an additional 82,981 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Schwab US Dividend Equity ETF by 3,070.8% during the 4th quarter. Annex Advisory Services LLC now owns 312,387 shares of the company’s stock valued at $8,569,000 after purchasing an additional 302,535 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 52.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,036,896 shares of the company’s stock valued at $28,442,000 after purchasing an additional 358,353 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Schwab US Dividend Equity ETF by 351,462.5% during the 4th quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock valued at $9,258,000 after purchasing an additional 337,404 shares during the period.

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.