Traders Purchase High Volume of Call Options on Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of some unusual options trading on Monday. Traders purchased 6,887 call options on the stock. This represents an increase of approximately 67% compared to the average volume of 4,115 call options.

Institutional Trading of Schwab US Dividend Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. O Connor Financial Group LLC increased its holdings in Schwab US Dividend Equity ETF by 13.9% in the first quarter. O Connor Financial Group LLC now owns 314,794 shares of the company’s stock valued at $8,802,000 after buying an additional 38,308 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 2,394.1% in the 1st quarter. GAMMA Investing LLC now owns 243,252 shares of the company’s stock valued at $6,801,000 after acquiring an additional 233,499 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Schwab US Dividend Equity ETF by 13.4% during the 1st quarter. AdvisorNet Financial Inc now owns 887,612 shares of the company’s stock worth $24,818,000 after acquiring an additional 104,544 shares in the last quarter. Howard Financial Services LTD. lifted its stake in Schwab US Dividend Equity ETF by 2.5% during the first quarter. Howard Financial Services LTD. now owns 2,073,100 shares of the company’s stock worth $57,964,000 after purchasing an additional 51,341 shares during the last quarter. Finally, Exeter Financial LLC boosted its holdings in Schwab US Dividend Equity ETF by 4.9% in the first quarter. Exeter Financial LLC now owns 173,869 shares of the company’s stock valued at $4,861,000 after purchasing an additional 8,140 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 1.3 %

Shares of SCHD opened at $24.94 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.18 and a fifty-two week high of $29.72. The company has a market cap of $62.85 billion, a P/E ratio of 17.12 and a beta of 0.86. The firm’s 50 day moving average price is $27.80 and its 200 day moving average price is $28.09.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a $0.2488 dividend. The ex-dividend date was Wednesday, March 26th.

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.