Stock Traders Purchase Large 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. Stock investors acquired 6,887 call options on the company. This represents an increase of approximately 67% compared to the average daily volume of 4,115 call options.

Institutional Trading of Schwab US Dividend Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SCHD. Bank of America Corp DE lifted its stake in Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at $592,939,000. Sumitomo Life Insurance Co. grew its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $24.32 on Wednesday. The stock has a market capitalization of $61.29 billion, a PE ratio of 17.12 and a beta of 0.86. The company’s fifty day moving average is $27.66 and its 200 day moving average is $28.04. Schwab US Dividend Equity ETF has a fifty-two week low of $24.00 and a fifty-two week high of $29.72.

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 of this dividend 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.