Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 12-Month High – Still a Buy?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during trading on Thursday . The company traded as high as $32.93 and last traded at $32.93, with a volume of 2140965 shares traded. The stock had previously closed at $32.34.

Schwab US Dividend Equity ETF Stock Up 1.5%

The firm has a market capitalization of $99.91 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The firm’s 50 day moving average is $32.20 and its 200 day moving average is $31.01.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. raised its holdings in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter worth approximately $27,000. Finally, Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000.

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.