Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Strong Trading Volume

Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Rating) saw strong trading volume on Friday . 1,789,466 shares were traded during trading, a decline of 47% from the previous session’s volume of 3,350,307 shares.The stock last traded at $69.93 and had previously closed at $69.64.

Schwab US Dividend Equity ETF Stock Up 0.9 %

The stock has a fifty day moving average of $71.70 and a 200-day moving average of $74.58. The firm has a market capitalization of $45.08 billion, a P/E ratio of 14.38 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 104,751.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock worth $3,977,523,000 after buying an additional 52,604,309 shares during the period. LPL Financial LLC lifted its stake in Schwab US Dividend Equity ETF by 12.3% in the 1st quarter. LPL Financial LLC now owns 10,114,703 shares of the company’s stock valued at $739,992,000 after acquiring an additional 1,110,089 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Schwab US Dividend Equity ETF by 14.3% in the 1st quarter. Ameriprise Financial Inc. now owns 9,805,935 shares of the company’s stock valued at $715,915,000 after acquiring an additional 1,228,836 shares in the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.2% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,593,721 shares of the company’s stock valued at $701,877,000 after acquiring an additional 294,215 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Schwab US Dividend Equity ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 7,757,878 shares of the company’s stock valued at $567,566,000 after acquiring an additional 582,697 shares in the last quarter.

About Schwab US Dividend Equity ETF

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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.