Schwab US Dividend Equity ETF Sees Unusually High Options Volume

The Schwab US Dividend Equity ETF (NYSEARCA:SCHD) experienced a notable surge in options trading on Monday, with stock investors purchasing an impressive 3,146 call options. This figure marks a significant increase of about 49% when compared to the average daily volume of 2,106 call options.

Institutional Investors Take Action

Recent activities among institutional investors indicate a growing interest in the Schwab US Dividend Equity ETF. For instance, Traynor Capital Management Inc. has increased its holdings in SCHD by 53.6% during the first quarter, now owning 6,140 shares valued at approximately $495,000 after adding 2,142 shares to its portfolio. In a more aggressive move, Concurrent Investment Advisors LLC raised its stake by a staggering 332.8% in the same period, acquiring 19,005 shares worth around $1,532,000 with an additional purchase of 14,614 shares.

Further bolstering their positions, Tidal Investments LLC entered the market by buying a new stake valued at $310,000. O Shaughnessy Asset Management LLC also made substantial adjustments, increasing its stake by 576.5% and now holds 11,859 shares valued at about $956,000 following a purchase of 10,106 shares. Lastly, Chapin Davis Inc. grew its position by 18.2%, now owning 7,474 shares valued at $603,000 after purchasing another 1,151 shares this past quarter.

Schwab US Dividend Equity ETF Performance Overview

The current trading activity for the Schwab US Dividend Equity ETF shows that shares opened at $28.55 on Wednesday. The fifty-day moving average stands at $79.93, while the 200-day moving average is slightly lower at $79.08. This ETF has an impressive market capitalization of $20.03 billion, a price-to-earnings ratio of 15.04, and a beta of 0.74, indicating relatively less volatility in comparison to the overall market. Over the past year, shares have fluctuated, hitting a low of $22.22 and a peak of $28.86.

About the Schwab US Dividend Equity ETF

The Schwab U.S. Dividend Equity ETF (SCHD) is a well-established exchange-traded fund that tracks the Dow Jones U.S. Dividend 100 Index. This index encompasses a market-cap-weighted selection of 100 U.S. companies known for paying dividends. Launched on October 20, 2011, the fund is managed by the Schwab organization.

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ETF, Options, Investors