Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Price Down 0.3% – What’s Next?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s stock price dropped 0.3% during mid-day trading on Friday . The stock traded as low as $28.00 and last traded at $28.12. Approximately 16,897,811 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 10,091,336 shares. The stock had previously closed at $28.20.

Schwab US Dividend Equity ETF Price Performance

The stock has a 50 day moving average of $28.69 and a 200 day moving average of $27.54. The firm has a market cap of $19.73 billion, a P/E ratio of 15.04 and a beta of 0.74.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

A number of large investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 5,259.9% during the second quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock valued at $242,188,000 after purchasing an additional 3,056,451 shares during the period. Wulff Hansen & CO. boosted its position in Schwab US Dividend Equity ETF by 8,405.3% during the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock valued at $113,175,000 after buying an additional 1,438,322 shares during the period. Sanctuary Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 209.1% in the third quarter. Sanctuary Advisors LLC now owns 912,589 shares of the company’s stock valued at $77,141,000 after acquiring an additional 617,308 shares during the period. Allied Investment Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 18,100.5% during the third quarter. Allied Investment Advisors LLC now owns 477,398 shares of the company’s stock worth $40,354,000 after purchasing an additional 474,775 shares during the period. Finally, Aptus Capital Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 164.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 616,185 shares of the company’s stock valued at $52,086,000 after purchasing an additional 383,167 shares during the period.

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.