Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 12-Month High – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.36 and last traded at $29.34, with a volume of 5465707 shares trading hands. The stock had previously closed at $28.98.

Schwab US Dividend Equity ETF Stock Performance

The business’s fifty day moving average price is $28.40 and its 200-day moving average price is $27.25. The stock has a market cap of $20.57 billion, a PE ratio of 15.04 and a beta of 0.74.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at $67,000. O Shaughnessy Asset Management LLC raised its position in Schwab US Dividend Equity ETF by 576.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock worth $956,000 after acquiring an additional 10,106 shares during the period. Bessemer Group Inc. raised its position in shares of Schwab US Dividend Equity ETF by 26.5% in the first quarter. Bessemer Group Inc. now owns 36,111 shares of the company’s stock valued at $2,912,000 after buying an additional 7,563 shares during the last quarter. LRI Investments LLC acquired a new stake in Schwab US Dividend Equity ETF during the first quarter worth about $109,000. Finally, Alpine Global Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $2,069,000.

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.