Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 52-Week High at $84.59

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $84.59 and last traded at $84.49, with a volume of 614280 shares traded. The stock had previously closed at $84.15.

Schwab US Dividend Equity ETF Stock Down 0.1 %

The business has a 50-day moving average price of $81.70 and a 200-day moving average price of $79.47. The firm has a market capitalization of $58.99 billion, a P/E ratio of 15.04 and a beta of 0.74.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its stake in Schwab US Dividend Equity ETF by 3.1% in the second quarter. LPL Financial LLC now owns 11,180,518 shares of the company’s stock valued at $869,397,000 after acquiring an additional 339,256 shares during the period. Charles Schwab Investment Advisory Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 0.4% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock worth $783,833,000 after buying an additional 40,493 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Schwab US Dividend Equity ETF by 41.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock worth $677,625,000 after buying an additional 2,620,000 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 4.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock worth $626,914,000 after buying an additional 299,496 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Schwab US Dividend Equity ETF by 2.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after acquiring an additional 139,020 shares during the period.

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.