Stock Traders Buy High Volume of Schwab US Dividend Equity ETF Put Options (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw some unusual options trading activity on Thursday. Investors purchased 9,787 put options on the company. This represents an increase of 61% compared to the typical daily volume of 6,070 put options.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHD. MeadowBrook Investment Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 3.3% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock valued at $312,000 after buying an additional 325 shares in the last quarter. Semus Wealth Partners LLC increased its stake in Schwab US Dividend Equity ETF by 0.7% during the first quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after acquiring an additional 347 shares during the last quarter. Harmony Asset Management LLC raised its position in Schwab US Dividend Equity ETF by 3.8% during the first quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock valued at $294,000 after purchasing an additional 354 shares during the period. Colorado Capital Management Inc. raised its position in Schwab US Dividend Equity ETF by 0.9% during the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after purchasing an additional 362 shares during the period. Finally, Commonwealth Financial Services LLC raised its position in Schwab US Dividend Equity ETF by 1.8% during the first quarter. Commonwealth Financial Services LLC now owns 20,837 shares of the company’s stock valued at $639,000 after purchasing an additional 374 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.2%

SCHD stock traded down $0.05 during mid-day trading on Thursday, hitting $32.29. The company had a trading volume of 5,570,986 shares, compared to its average volume of 22,204,260. The company has a 50-day moving average price of $32.13 and a 200 day moving average price of $30.84. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $32.92. The company has a market capitalization of $97.77 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

About Schwab US Dividend Equity ETF

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.