Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 12-Month High – Should You Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached a new 52-week high during trading on Wednesday. The company traded as high as $36.10 and last traded at $36.0350, with a volume of 10,984,161 shares changing hands. The stock had previously closed at $35.55.

Schwab US Dividend Equity ETF Stock Up 1.5%

The stock has a fifty day moving average of $34.16 and a 200-day moving average of $32.39. The stock has a market capitalization of $122.18 billion, a price-to-earnings ratio of 14.57 and a beta of 0.66.

Institutional Trading of Schwab US Dividend Equity ETF

Several institutional investors have recently modified their holdings of SCHD. Rakuten Investment Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after purchasing an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Schwab US Dividend Equity ETF by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after purchasing an additional 354,983 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $337,510,000. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares during the period. Finally, Royal Bank of Canada increased its stake in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after buying an additional 660,876 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.