Unusually High Options Volume for Schwab US Dividend Equity ETF

The Schwab US Dividend Equity ETF (NYSEARCA:SCHD) experienced a significant increase in options trading activity recently. On Monday, investors purchased 3,146 call options for the ETF, marking a 49% rise compared to the average daily volume of 2,106 call options.

Institutional Investors Make Moves

Several institutional investors have recently adjusted their holdings in the Schwab US Dividend Equity ETF. For instance, Traynor Capital Management Inc. increased its stake by 53.6% in the first quarter, owning 6,140 shares valued at approximately $495,000 after acquiring an additional 2,142 shares. Concurrent Investment Advisors LLC made an even larger move, boosting its stake by 332.8% during the same period. They now hold 19,005 shares, worth around $1.53 million, after buying an additional 14,614 shares.

Furthermore, Tidal Investments LLC entered the scene by purchasing new shares in the ETF worth $310,000 in the first quarter. O’Shaughnessy Asset Management LLC has also significantly increased its position by 576.5%, now owning 11,859 shares valued at $956,000 after acquiring 10,106 additional shares. Lastly, Chapin Davis Inc. raised its stake by 18.2%, holding 7,474 shares valued at $603,000 after buying 1,151 shares in the last quarter.

Price Performance of Schwab US Dividend Equity ETF

As of Wednesday, shares of the Schwab US Dividend Equity ETF opened at $28.55. The ETF's fifty-day moving average price is $79.93, while its 200-day moving average is $79.08. Currently, the firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 15.04, and a beta of 0.74. Over the past year, SCHD has seen a low of $22.22 and a high of $28.86.

Overview of Schwab US Dividend Equity ETF

The Schwab US Dividend Equity ETF (SCHD) is an exchange-traded fund that tracks the Dow Jones U.S. Dividend 100 Index, which includes 100 dividend-paying U.S. stocks and is weighted by market capitalization. The ETF was established on October 20, 2011, and is managed by Schwab.

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ETF, Options, Investing