Verity Asset Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 64,186 shares of the company’s stock, valued at approximately $2,088,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Schwab US Dividend Equity ETF in the second quarter worth approximately $27,000. Livelsberger Financial Advisory bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC raised its position in Schwab US Dividend Equity ETF by 53.8% during the first quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock valued at $44,000 after acquiring an additional 500 shares in the last quarter.
Schwab US Dividend Equity ETF Stock Up 1.9%
NYSEARCA SCHD opened at $36.21 on Thursday. The stock has a market capitalization of $123.11 billion, a PE ratio of 19.09 and a beta of 0.68. The company has a 50 day moving average price of $34.18 and a two-hundred day moving average price of $32.43. Schwab US Dividend Equity ETF has a 12-month low of $26.41 and a 12-month high of $36.21.
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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