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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) saw unusually large options trading activity on Friday. Stock investors bought 11,312 call options on the stock. This is an increase of 73% compared to the average volume of 6,550 call options.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD traded up $0.44 during mid-day trading on Friday, hitting $33.24. 9,628,739 shares of the company traded hands, compared to its average volume of 22,001,436. The stock has a market cap of $101.90 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $33.50. The stock has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $31.23.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Several hedge funds have recently bought and sold shares of SCHD. Brighton Jones LLC grew its holdings in Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Bison Wealth LLC grew its stake in Schwab US Dividend Equity ETF by 234.4% in the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after acquiring an additional 309,400 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 35.6% during the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after purchasing an additional 155,769 shares in the last quarter. Finally, United Bank lifted its position in shares of Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after acquiring an additional 9,351 shares in the last quarter.

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.