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

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during trading on Tuesday . The company traded as high as $32.91 and last traded at $32.87, with a volume of 3382593 shares trading hands. The stock had previously closed at $32.83.

Schwab US Dividend Equity ETF Stock Down 0.2%

The firm has a market cap of $93.05 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average of $31.17 and a 200 day moving average of $29.72.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Hedge funds have recently made changes to their positions in the company. Sumitomo Life Insurance Co. bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $847,665,000. Wells Fargo & Company MN lifted its holdings 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 purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 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.