Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Down 0.3% – Here’s What Happened

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) dropped 0.3% during mid-day trading on Friday . The company traded as low as $28.00 and last traded at $28.12. Approximately 16,897,811 shares traded hands during 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 Stock Performance

The stock has a market cap of $19.73 billion, a PE ratio of 15.04 and a beta of 0.74. The company’s 50-day moving average price is $28.69 and its 200 day moving average price is $27.53.

Institutional Trading of Schwab US Dividend Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at about $25,000. Iron Horse Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. Kennebec Savings Bank purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $34,000. Finally, Barrett & Company Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $34,000.

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.