Baker Ellis Asset Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 381,817 shares of the company’s stock, valued at approximately $12,420,000. Schwab US Dividend Equity ETF accounts for about 1.3% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 23rd largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at about $26,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter worth about $32,000. Signature Resources Capital Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 53.8% in the first quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock worth $44,000 after acquiring an additional 500 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Schwab US Dividend Equity ETF by 35.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 2,001 shares of the company’s stock valued at $61,000 after purchasing an additional 526 shares during the last quarter.
Schwab US Dividend Equity ETF Trading Up 1.0%
SCHD stock traded up $0.34 during midday trading on Wednesday, hitting $33.71. The stock had a trading volume of 25,568,474 shares, compared to its average volume of 22,419,781. The firm has a market cap of $112.62 billion, a P/E ratio of 14.57 and a beta of 0.68. The business has a fifty day moving average price of $34.00 and a two-hundred day moving average price of $32.69. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31.
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.
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