Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Down 0.3% – Time to Sell?

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) shares dropped 0.3% during mid-day trading on Friday . The stock traded as low as $28.00 and last traded at $28.12. Approximately 16,897,811 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 10,091,336 shares. The stock had previously closed at $28.20.

Schwab US Dividend Equity ETF Stock Down 0.3 %

The stock has a 50-day moving average price of $28.69 and a 200 day moving average price of $27.53. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Institutional Investors Weigh In On Schwab US Dividend Equity ETF

Several institutional investors have recently modified their holdings of SCHD. Financial Gravity Asset Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at about $25,000. Iron Horse Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Barrett & Company Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $34,000.

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.