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

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 3,146 call options on the company. This represents an increase of 49% compared to the typical daily volume of 2,106 call options.

Schwab US Dividend Equity ETF Trading Down 0.5 %

Shares of SCHD stock opened at $28.55 on Wednesday. The stock has a market capitalization of $20.03 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s 50 day moving average is $79.93 and its 200 day moving average is $79.08. Schwab US Dividend Equity ETF has a 12 month low of $22.22 and a 12 month high of $28.86.

Institutional Trading of Schwab US Dividend Equity ETF

A number of institutional investors have recently modified their holdings of SCHD. Traynor Capital Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 53.6% during the 1st quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after acquiring an additional 2,142 shares during the period. Concurrent Investment Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 332.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock worth $1,532,000 after acquiring an additional 14,614 shares during the period. Tidal Investments LLC bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $310,000. O Shaughnessy Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF by 576.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock worth $956,000 after acquiring an additional 10,106 shares during the period. Finally, Chapin Davis Inc. increased its holdings in Schwab US Dividend Equity ETF by 18.2% during the 1st quarter. Chapin Davis Inc. now owns 7,474 shares of the company’s stock worth $603,000 after acquiring an additional 1,151 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.