Richardson Capital Management LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 396,435 shares of the company’s stock, valued at approximately $12,896,000. Schwab US Dividend Equity ETF makes up about 5.6% of Richardson Capital Management LLC’s investment portfolio, making the stock its 7th largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of SCHD. Norris Perne & French LLP MI acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $221,000. Signaturefd LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,097,000. BG Investment Services LLC grew its holdings in Schwab US Dividend Equity ETF by 11.7% during the 3rd quarter. BG Investment Services LLC now owns 75,995 shares of the company’s stock valued at $2,472,000 after buying an additional 7,952 shares during the last quarter. Bond & Devick Financial Network Inc. grew its holdings in Schwab US Dividend Equity ETF by 1.3% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 58,983 shares of the company’s stock valued at $1,919,000 after buying an additional 734 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $13,859,000.
Schwab US Dividend Equity ETF Stock Down 0.4%
NYSEARCA SCHD opened at $35.27 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $35.45. The stock has a market cap of $118.28 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a fifty day moving average of $34.07 and a 200-day moving average of $32.90.
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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