Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Reaches New 52-Week High – Here’s Why

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares reached 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 traded. The stock had previously closed at $28.98.

Schwab US Dividend Equity ETF Stock Up 1.3 %

The firm has a 50 day moving average price of $28.43 and a 200 day moving average price of $27.27. The stock has a market cap of $20.59 billion, a PE ratio of 15.04 and a beta of 0.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.1% during the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Schwab US Dividend Equity ETF by 41.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after acquiring an additional 2,620,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Schwab US Dividend Equity ETF by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock worth $455,013,000 after acquiring an additional 139,020 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 7.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after purchasing an additional 297,674 shares during the last quarter. Finally, Orgel Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock valued at $359,873,000 after purchasing an additional 70,852 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.