Dickmeyer Boyce Financial Management Inc. Takes Position in Schwab US Dividend Equity ETF $SCHD

Dickmeyer Boyce Financial Management Inc. purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 226,769 shares of the company’s stock, valued at approximately $6,957,000. Schwab US Dividend Equity ETF comprises 4.1% of Dickmeyer Boyce Financial Management Inc.’s holdings, making the stock its 3rd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC boosted its position in 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 buying an additional 3,170,728 shares during the last quarter. Paradiem LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth $56,258,000. Cibc World Market Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the first quarter valued at about $46,847,000.

Schwab US Dividend Equity ETF Stock Down 0.3%

Schwab US Dividend Equity ETF stock opened at $32.80 on Friday. The business’s 50-day simple moving average is $32.34 and its 200 day simple moving average is $31.23. The stock has a market cap of $100.55 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $33.50.

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.