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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the target of some unusual options trading on Monday. Stock traders acquired 6,887 call options on the stock. This is an increase of 67% compared to the average volume of 4,115 call options.

Institutional Trading of Schwab US Dividend Equity ETF

Several large investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its holdings in shares of 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 buying an additional 604 shares during the period. Hoese & Co LLP bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the period.

Schwab US Dividend Equity ETF Stock Down 2.5 %

Shares of SCHD stock opened at $24.32 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.00 and a fifty-two week high of $29.72. The firm’s 50 day moving average price is $27.66 and its two-hundred day moving average price is $28.04. The stock has a market cap of $61.29 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 announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

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.