Worth Asset Management LLC Acquires Shares of 15,792 Schwab US Dividend Equity ETF $SCHD

Worth Asset Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 15,792 shares of the company’s stock, valued at approximately $485,000.

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

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $31.89 on Tuesday. The stock has a market capitalization of $90.53 billion, a PE ratio of 14.57 and a beta of 0.67. The company has a fifty day moving average of $31.85 and a 200-day moving average of $30.46. Schwab US Dividend Equity ETF has a one year low of $26.16 and a one year high of $32.92.

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.