Schwab US Dividend Equity ETF Sees Unusually High Options Volume (NYSEARCA:SCHD)

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the target of some unusual options trading activity on Friday. Traders purchased 11,312 call options on the stock. This is an increase of 73% compared to the average volume of 6,550 call options.

Schwab US Dividend Equity ETF Stock Up 1.5%

SCHD stock opened at $33.29 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $33.50. The firm has a 50-day simple moving average of $32.38 and a 200-day simple moving average of $31.24. The stock has a market capitalization of $102.06 billion, a P/E ratio of 14.57 and a beta of 0.68.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

A number of large investors have recently made changes to their positions in SCHD. Wells Fargo & Company MN increased its position in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. increased its holdings in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after purchasing an additional 324,778 shares during the last quarter. Royal Bank of Canada raised its position in Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 shares during the period. Finally, Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Company Profile

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.