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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.36 and last traded at $29.2460, with a volume of 3153882 shares. The stock had previously closed at $29.18.

Schwab US Dividend Equity ETF Stock Performance

The company has a fifty day moving average of $27.87 and a two-hundred day moving average of $27.41. The firm has a market capitalization of $76.88 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of institutional investors have recently modified their holdings of the business. MOKAN Wealth Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 4.9% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after acquiring an additional 6,985 shares during the last quarter. Advisory Resource Group boosted its stake in shares of Schwab US Dividend Equity ETF by 4.4% during the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock worth $1,577,000 after purchasing an additional 2,520 shares during the period. DMKC Advisory Services LLC boosted its position in shares of Schwab US Dividend Equity ETF by 10.6% during the third quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock valued at $5,997,000 after buying an additional 20,989 shares during the period. Welch Group LLC boosted its holdings in Schwab US Dividend Equity ETF by 44.7% during the 2nd quarter. Welch Group LLC now owns 11,724 shares of the company’s stock valued at $311,000 after acquiring an additional 3,624 shares during the period. Finally, BG Investment Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 82.8% in the third quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock worth $1,695,000 after purchasing an additional 28,109 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.