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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 9,781 put options on the stock. This represents an increase of approximately 22% compared to the average volume of 7,999 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Paradiem LLC acquired a new position in Schwab US Dividend Equity ETF in the 1st quarter worth about $56,258,000. Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $43,773,000. Baer Investment Advisory LLC acquired a new position in Schwab US Dividend Equity ETF in the first quarter worth approximately $46,847,000. Finally, Evergreen Advisors LLC bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Stock Down 0.1%

Shares of NYSEARCA:SCHD traded down $0.04 during trading on Thursday, reaching $34.05. 12,145,225 shares of the company traded hands, compared to its average volume of 22,376,162. The firm has a fifty day simple moving average of $33.79 and a 200 day simple moving average of $32.32. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The firm has a market cap of $105.80 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.