Swmg LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 39,355 shares of the company’s stock, valued at approximately $1,393,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Vanguard Capital Wealth Advisors lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.8% in the third quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock valued at $1,265,000 after purchasing an additional 296 shares in the last quarter. Wealth Management Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock valued at $596,000 after acquiring an additional 300 shares during the period. Triumph Capital Management increased its position in Schwab US Dividend Equity ETF by 14.6% during the third quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock worth $78,000 after buying an additional 305 shares during the last quarter. Gemmer Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 1.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after purchasing an additional 317 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock valued at $312,000 after purchasing an additional 325 shares during the period.
Schwab US Dividend Equity ETF Stock Performance
NYSEARCA SCHD opened at $35.27 on Monday. The stock has a market cap of $118.44 billion, a PE ratio of 14.57 and a beta of 0.68. The firm has a 50-day moving average of $34.07 and a 200-day moving average of $32.92. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.45.
About Schwab US Dividend Equity ETF
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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