Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Hits New 1-Year Low – Here’s What Happened

Schwab US Dividend Equity ETF (NYSEARCA:SCHD)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $24.18 and last traded at $24.27, with a volume of 8803162 shares traded. The stock had previously closed at $25.28.

Schwab US Dividend Equity ETF Price Performance

The business has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $28.11. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Institutional investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Anchor Investment Management LLC increased its position in Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after acquiring an additional 428 shares during the period. Bernardo Wealth Planning LLC raised its stake in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after purchasing an additional 498 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of Schwab US Dividend Equity ETF by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,695 shares of the company’s stock worth $986,000 after purchasing an additional 639 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.