Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sets New 52-Week High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached a new 52-week high during trading on Friday . The company traded as high as $32.92 and last traded at $32.87, with a volume of 9126178 shares changing hands. The stock had previously closed at $32.53.

Schwab US Dividend Equity ETF Stock Up 0.9%

The firm has a market cap of $93.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The business has a 50 day moving average of $31.68 and a 200 day moving average of $30.24.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Large investors have recently added to or reduced their stakes in the business. S&A Financial Services Inc. purchased a new position in Schwab US Dividend Equity ETF during the first quarter worth approximately $799,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Schwab US Dividend Equity ETF by 131.2% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 37,194 shares of the company’s stock valued at $1,141,000 after purchasing an additional 21,110 shares during the last quarter. DV Trading LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at $377,000. Flagship Wealth Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 135.5% in the 1st quarter. Flagship Wealth Advisors LLC now owns 341,006 shares of the company’s stock valued at $10,462,000 after purchasing an additional 196,194 shares during the last quarter. Finally, Foguth Wealth Management LLC. boosted its holdings in shares of Schwab US Dividend Equity ETF by 234.2% in the 1st quarter. Foguth Wealth Management LLC. now owns 525,475 shares of the company’s stock valued at $17,078,000 after purchasing an additional 368,223 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.