Stock Traders Buy 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. Investors purchased 3,146 call options on the company. This is an increase of 49% compared to the typical volume of 2,106 call options.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.1% in the 2nd quarter. LPL Financial LLC now owns 11,180,518 shares of the company’s stock valued at $869,397,000 after purchasing an additional 339,256 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its stake in Schwab US Dividend Equity ETF by 0.4% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after purchasing an additional 40,493 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in Schwab US Dividend Equity ETF by 41.5% during the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock worth $677,625,000 after purchasing an additional 2,620,000 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Schwab US Dividend Equity ETF by 4.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after purchasing an additional 299,496 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after buying an additional 139,020 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $28.68 on Tuesday. The company has a market capitalization of $20.12 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $22.22 and a fifty-two week high of $28.70. The stock has a 50-day simple moving average of $80.94 and a 200-day simple moving average of $79.44.

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.