Castle Rock Wealth Management LLC Makes New $248,000 Investment in Schwab US Dividend Equity ETF $SCHD

Castle Rock Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, Holdings Channel.com reports. The fund bought 9,146 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $384,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after purchasing an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after purchasing an additional 3,915 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock valued at $325,863,000 after purchasing an additional 182,749 shares in the last quarter. Finally, Schaeffer Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.7% during the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after purchasing an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $27.18 on Thursday. The firm’s 50 day moving average price is $27.34 and its 200-day moving average price is $26.76. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The company has a market cap of $71.22 billion, a PE ratio of 14.57 and a beta of 0.88.

Schwab US Dividend Equity ETF 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.