Catalyst Investment Management LLC Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Catalyst Investment Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,757 shares of the company’s stock, valued at approximately $1,283,000. Schwab US Dividend Equity ETF makes up approximately 1.2% of Catalyst Investment Management LLC’s holdings, making the stock its 21st biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $847,665,000. Wells Fargo & Company MN increased its position in Schwab US Dividend Equity ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. increased its position in Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Schwab US Dividend Equity ETF by 4.0% in the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after purchasing an additional 304,047 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $31.86 on Friday. The company has a 50 day moving average price of $31.82 and a 200-day moving average price of $30.40. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92. The stock has a market capitalization of $90.44 billion, a PE ratio of 14.57 and a beta of 0.67.

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.